In 2023, the fresh pouting bib production in capture fisheries for human consumption in the UK stood at approximately 530 Euros per metric ton. The forecast data from 2024 to 2028 shows a steady increase in the price, reaching 558.6 Euros per metric ton by 2028. This represents a year-on-year increase ranging from around 1% to 1.5%, with a compound annual growth rate (CAGR) of approximately 1.03% over the five-year period.
The following trends are noteworthy:
- Increasing demand for sustainable and locally sourced seafood, potentially driving up prices.
- Regulatory changes in fisheries management affecting production volumes and pricing.
- Economic factors such as inflation and exchange rates impacting cost structures.