In 2023, the total ling fish production in capture fisheries for human consumption in the UK stood at approximately 1.89 million euros. From 2024 onwards, the forecasted data indicates a positive upward trend. Year-on-year, the production value is expected to increase as follows: 4.36% in 2025, 4.10% in 2026, 3.86% in 2027, and 3.65% in 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is around 4.00%.
Future trends to watch for include:
- Sustainability practices in capture fisheries, potentially impacting production.
- Market demand for ling fish affecting price and profitability.
- Regulatory changes in the fisheries sector that could influence production capabilities.