In 2023, the production value for frozen cods, hakes, and haddocks in UK capture fisheries stood at a baseline value. In the forecast period from 2024 to 2028, the value showcases a consistent upward trend annually. The year-on-year percentage increase for this period averages around 4.54%. The compound annual growth rate over these five years indicates robust growth in the industry.
Future Trends to Watch For:
- Sustainability regulations impacting fishing quotas and methods.
- Technological advancements in freezing and transportation.
- Shifts in consumer demand toward sustainable seafood options.
- Potential impacts of climate change on fish populations.
- Growing markets in Asia and Europe influencing export dynamics.
