In 2023, Gutted Frozen Dab, Limanda production in the UK stood at €27.19. The forecasted figures from 2024 onwards show a significant decline. From 2024 to 2028, production is set to decrease year-on-year by 20.4%, 25.2%, 33.1%, and 48.3% consecutively. The compound annual growth rate (CAGR) over these five years is projected at -31.2%. This downward trend indicates a substantial reduction in production volumes, possibly due to factors such as declining stock, changes in local or international demand, and regulatory impacts.
Future trends to watch for include:
- Environmental and legislative changes affecting fisheries
- Market demand shifts favoring substitutes or alternative fish species
- Technological advances in fishing and preservation methods
- Global economic conditions impacting export opportunities
