The forecast for fresh European conger production in the UK indicates a declining trend from 2024, with values starting at 717.29 Euros per metric ton and declining to 612.5 Euros per metric ton by 2028. This reflects a year-on-year decrease: 2025 has a decrease of approximately 3.77%, 2026 a decrease of 3.84%, 2027 a decrease of about 3.90%, and 2028 a decrease of around 3.98%. The compound annual growth rate (CAGR) over the five-year period reflects an average annual reduction in production value of around 3.94%.
Key future trends to watch include:
- Environmental policies impacting marine ecosystem conservation could further drive down production levels.
- Market demand changes due to consumer preferences or international trade policies may influence pricing.
- Technological advancements in sustainable fishing could alter cost structures and yields.