In 2023, the value of Atlantic Mackerel production in capture fisheries for human consumption in the UK was around 1.50 thousand euros per metric ton. From 2024 to 2028, the forecasted year-on-year increases are steady, with values showing consistent growth from 1.53 to 1.67 thousand euros per metric ton. This results in a compound annual growth rate (CAGR) of approximately 2.2% over the five-year period.
Future trends to watch:
- Potential changes in fish stock levels due to environmental factors which could impact supply and pricing.
- The impact of trade relations and regulations on market dynamics as the UK navigates post-Brexit trade agreements.
- Growing consumer demand for sustainable seafood options which may influence pricing and production practices within the industry.