In 2023, the value of whole frozen European plaice production in UK capture fisheries stood at a comparable metric, serving as a baseline for the forecasted increases observed in subsequent years. From 2024 to 2028, a steady year-on-year growth pattern emerges, translating into an average compound annual growth rate (CAGR). This indicates consistent upward momentum in value, underscoring an optimistic projection for the sector.
Future trends to watch for include:
- Potential regulatory changes impacting UK fisheries
- Shifts in consumer demand due to sustainability considerations
- Fluctuations in international trade agreements affecting market access
- Technological advancements in capture and processing efficiencies
