In 2023, the value of UK whole frozen jack and horse mackerels production in capture fisheries stood at approximately 0.98 Thousand Euros per Metric Ton. Between 2024 and 2028, a consistent upward trend is forecasted. The year-on-year growth ranges from 3.9% to 4.5%, reflecting a steady increase in production value. Over the five-year forecast period, the compound annual growth rate (CAGR) is projected at around 4.0%, indicating robust market expansion.
Future trends to watch include:
- Changes in fishing quotas and environmental policies impacting production.
- Shifts in consumer demand for sustainable seafood affecting market dynamics.
- Technological advancements in fishing techniques potentially increasing efficiency.