In 2023, the total European hake production in capture fisheries in the UK stood at a base value from which we now forecast its growth from 2024 onwards. The forecast data from 2024 to 2028 indicates a steady year-on-year increase, reflecting a positive trend for hake production in economic terms. Specifically, from 2024 to 2025, there is an approximate percentage increase of 2.05%, followed by similar upward trends in the subsequent years, resulting in a compound annual growth rate (CAGR) of around 1.91% over this forecast period.

Future trends to watch for include:

Potential impacts of climate change on marine ecosystems, possibly affecting hake populations.
Regulatory changes in the UK post-Brexit concerning fisheries management and trade agreements.
Technological advances in fishing practices that could either enhance production efficiency or impose sustainability measures that would affect volumes.
Market demand fluctuations driven by consumer preferences and global economic conditions.