In 2023, the value of whole fresh seafood production in capture fisheries for human consumption in the UK was at 2.35 thousand euros per metric ton. Forecasted figures show a gradual increase from 2024 through 2028, with a steady year-on-year growth of approximately 2% in value, culminating in 2.58 thousand euros per metric ton by 2028. The compound annual growth rate (CAGR) for this period reflects a consistent rise of 1.93%.
Future trends to watch for:
- Potential impacts of climate change on fish stocks, potentially affecting production volumes and prices.
- Economic fluctuations affecting consumer purchasing power and seafood consumption patterns.
- Regulatory changes, including post-Brexit policies impacting trade and fisheries management.
- Technological advancements in fishing and processing that might enhance efficiency and value.
