The UK’s forecast for total groundfish production in capture fisheries from 2024 to 2028 shows a significant annual decline. The value per metric ton is expected to decrease from 714.53 Euros in 2024 to 139.36 Euros in 2028, exhibiting a consistent downward trend. Year-over-year percentage variations reflect sharp declines: a 20.8% drop in 2025, 25.7% in 2026, 33.8% in 2027, and 50% in 2028. The Compound Annual Growth Rate (CAGR) over five years indicates substantial negative growth, highlighting a continuing reduction in production value.
Future trends to watch for:
- Implementation of sustainable fishing practices may stabilize production.
- Policy changes and regulations could impact production capabilities and economic outcomes.
- Global demand and climatic conditions may affect future forecasts.
