In 2023, the whole frozen Atlantic cod production in the UK's capture fisheries was at a certain level. From 2024 to 2028, the production value is forecasted to gradually increase from 3.12 to 3.55 thousand Euros. This demonstrates a consistent annual growth, highlighting the industry's stability and potential expansion over the five-year forecast period. The Compound Annual Growth Rate (CAGR) over these years signals moderate yet steady growth.
Future trends to watch for include:
- Impact of regulatory and sustainability measures on production levels.
- Market demand shifts due to consumer preferences and economic conditions.
- Technological advancements in fishing and processing techniques.
- Global competition and its effect on pricing and production efficiency.
