In 2023, the value of frozen Atlantic cod production in capture fisheries for human consumption in the UK stood at approximately 9.88 thousand euros per metric ton. Forecasted data indicates a consistent upward trend from 2024, with values increasing annually and reaching 12.52 thousand euros per metric ton by 2028. This reflects a year-on-year average growth rate of roughly 4%-5%.
Future trends to watch for include:
- Impact of sustainable fishing practices on supply and pricing.
- Potential trade policy changes post-Brexit that may affect the sector.
- Fluctuations in global demand impacting the UK market.
