The production of Alfonsinos in the UK's capture fisheries is forecasted to decline steadily from 2024 onwards. Starting from 205.65 Euros in 2024, it decreases annually to reach 142.3 Euros by 2028. This consistent decline represents year-on-year reductions of approximately 7.9% from 2024 to 2025, 8.5% from 2025 to 2026, 9% from 2026 to 2027, and 9.8% from 2027 to 2028. The compound annual growth rate (CAGR) over this period is -8.8%.
Future trends to watch include the potential impacts of climate change on marine ecosystems, changes in fishing regulations, and technological advancements in sustainable fishing practices, all of which could influence production levels. Additionally, monitoring consumer demand for Alfonsinos and competition from alternative fisheries could alter market conditions.
