Gutted fresh haddock production in the UK capture fisheries is forecasted to experience a modest increase in value over the next five years, rising from 2.4 thousand Euros per metric ton in 2024 to 2.54 thousand Euros per metric ton by 2028. This represents a Compound Annual Growth Rate (CAGR) of approximately 1.4% from 2023. The year-on-year growth is steady with increment percentages around 1% annually.
Future trends to watch for:
- Impact of environmental regulations on fishing practices that could affect production costs.
- Changes in consumer demand driven by health trends or sustainability factors.
- Potential trade policies post-Brexit influencing the seafood supply chain.
- Technological advancements in fishing and processing efficiency.