The forecast for Total Atlantic Cod Production in the UK's capture fisheries shows an increasing trend from 2024 to 2028, with figures rising from 20.44 to 22.23 thousand metric tons. In 2023, the actual production stood below 20.44 thousand metric tons, indicating a positive year-on-year growth starting in 2024. The annual growth rate suggests a consistent upward trajectory with a Compound Annual Growth Rate (CAGR) observed over these forecasted years.
Future trends to watch for include:
- Sustainability measures impacting capture quotas and influencing production levels.
- Market demand fluctuations driven by changes in consumer preferences and international trade dynamics.
- Technological advancements in fishing methods potentially enhancing efficiency and yields.