In 2023, the value of frozen flounders, halibuts, and soles production in UK capture fisheries was 2.55 thousand Euros per metric ton. The forecast indicates a gradual decline from 2024 to 2028, starting at 2.53 and decreasing to 2.36 thousand Euros per metric ton. The year-on-year decrease is consistent, reflecting slight annual declines. Over the five-year period, the compound annual growth rate (CAGR) implies an average yearly decrease. This trend suggests a sustained downward pressure on value, potentially due to challenges in the fishery sector or changes in demand.
Future trends to watch include:
- Potential impacts from regulatory changes affecting the fishing industry.
- Shifts in consumer demand for sustainable seafood options.
- Influence of environmental factors and climate change on fish populations.
