The UK’s forecasted whole fresh European flounder production in capture fisheries for human consumption reveals a declining trend from 2024 to 2028. In 2023, production stood at approximately 30 metric tons. The projected figures indicate a sharp year-on-year percentage decrease, starting with 26.79 metric tons in 2024 and reducing to 12.08 metric tons by 2028. The compound annual growth rate (CAGR) shows a significant negative trend over this five-year period, as the industry faces considerable challenges likely affecting the fish stock or demand.
Future trends to watch for:
- Impacts of climate change on marine ecosystems, potentially affecting stock replenishment.
- Changes in governmental policies related to sustainable fishing practices.
- Shifts in consumer preferences towards sustainably sourced seafood varieties.