The forecast for fresh cods, hakes, and haddocks production in the UK's capture fisheries for human consumption from 2024 to 2028 shows a steady increase in value, expressed in thousand euros per metric ton. In 2023, the value stood at 2.52. Over the forecasted period, the year-on-year growth rate ranges around 1.89% to 1.85%. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.89%. This reflects a positive trend in the market, characterized by increased value per metric ton.
Future trends to watch for include:
- The impact of regulatory changes on capture fisheries.
- Market demand influenced by consumer health trends favoring seafood.
- Climate change and its effect on fish stock availability and capture rates.
- Technological advancements in fishing practices improving efficiency and sustainability.