Forecast: Fresh Finfish Production in Capture Fisheries for Human Consumption in the UK

As of 2024, the UK's fresh finfish production for human consumption is forecasted to experience a consistent decline. From a projected value of 127.6 million euros in 2024, production is expected to decrease each year, reaching 114.24 million euros by 2028. Comparatively, in 2023, the actual production value was higher, highlighting the downturn in output forecasted for the coming years.

Year-on-year percentage declines for 2025, 2026, 2027, and 2028 are approximately -2.69%, -2.72%, -2.73%, and -2.76%, respectively. The compounded annual growth rate indicates a negative trend of about -2.74% over the 5-year period.

Future trends to watch for include:

  • Impact of potential regulatory changes on fishing practices and quotas.
  • Technological advancements aimed at sustainable fishing practices.
  • Shifts in consumer demand towards alternative protein sources, impacting market dynamics.
  • Environmental factors influencing fish stock levels and thus affecting production capacity.

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