In 2023, the production value of Frozen Atlantic Cod in UK capture fisheries was the baseline. Predicted values for the subsequent years show a gradual increase, with an estimated 10.38 in 2024, rising to 12.49 by 2028. This represents an increasing trend in production value, reflecting industry confidence and potential growth in market demand. The year-on-year percentage variations highlight steady growth with consistent positive trends each year.
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 suggests a promising trajectory over the five-year forecast period. This growth implies potential opportunities for stakeholders in the fisheries sector.
Future trends to watch for include changes in consumer preferences, environmental policy impacts, and technological advancements in fisheries management. Monitoring these factors can provide valuable insights for capitalizing on industry developments.
