In 2023, the value of Fresh Gurnards, Searobins production in the UK's capture fisheries was 1.22 thousand Euros per metric ton. The forecasted values show a consistent growth from 2024 to 2028, rising from 1.24 to 1.33 thousand Euros per metric ton. The annual growth rates are modest with a steady year-on-year increase of approximately 1.6% - 1.7%. Over a five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is expected to be around 1.76%.
Future trends to watch for include:
- Influence of environmental policies and sustainability measures on capture volumes.
- Potential impacts of economic shifts and trade agreements on fishery exports.
- Advancements in fishing technology and their effect on efficiency and productivity.