In 2023, the value for fresh Wrasses and Hogfishes production in the UK capture fisheries stood at 1.10 thousand euros per metric ton. From 2024 to 2028, the forecasted values show a slight decline, starting at 1.09 and gradually decreasing to 1.03 thousand euros per metric ton. This represents a small, consistent year-on-year decline in value, roughly around 0.9% annually. Over this forecast period, the compound annual growth rate (CAGR) suggests an average annual reduction of 1.3% in value.
Future trends to watch for include the potential impact of environmental regulations and climate change on fish populations, as well as shifts in consumer demand for sustainable seafood, which may influence market dynamics and value perceptions in the coming years.
