The forecast for Fresh European Conger production in capture fisheries for human consumption in the UK shows a declining trend from 2024 to 2028, with values decreasing from 793.18 to 694.72 Euros per metric ton. In 2023, the actual value stood at 820.5 Euros per metric ton. Year-on-year variations indicate a steady decline, averaging a decrease of approximately 3% annually from 2024 to 2028. This suggests a compounded annual growth rate (CAGR) reflecting a consistent downward trend over the five-year forecast period.
Future trends to watch include:
- Potential impact of environmental regulations on fishing quotas.
- Shifts in consumer demand due to sustainability concerns.
- Economic conditions affecting seafood market prices.
- Technological advancements in capture and processing techniques that might improve efficiency.