The forecast for the production of whole fresh European sprat in capture fisheries for human consumption in the UK shows a steady increase from 2024 to 2028, with values rising from 290.41 Euros per metric ton to 298.58. Compared to 2023, the forecast for 2024 sets the benchmark, suggesting an upward trajectory in pricing over the coming years.
Year-on-year, the average percentage increase is approximately 0.7%. Over the period from 2024 to 2028, the compound annual growth rate (CAGR) is anticipated to be around 0.7%, reflecting consistent growth in pricing.
Future trends to watch for include:
- The impact of Brexit-related policy changes on capture fisheries.
- Shifts in consumer preferences towards more sustainable seafood sources.
- Global economic factors impacting demand and pricing of seafood.
