The forecast for frozen cods, hakes, and haddocks production in the UK for human consumption shows a declining trend from 2024 to 2028. In 2023, actual production stood at 526 metric tons. Year-on-year decreases highlight a reduction in production by approximately 8-10% annually from 2025 onwards. Over this five-year forecast period, the compounded annual growth rate (CAGR) indicates an average annual decrease of about 9%.
Trends to watch include:
- Potential impacts of regulatory changes on fishing quotas and environmental restrictions.
- Shifts in consumer preferences towards alternative seafood sources or sustainable products.
- Economic factors influencing the fishing industry, such as fuel costs and labor availability.