The forecast for filleted fresh Atlantic cod production in the UK's capture fisheries indicates a modest increase from 2024 to 2028. In 2024, the production is predicted to be 0.38 metric tons, growing to 0.4 metric tons by 2028. The forecasts suggest a stable year-on-year growth rate of around 2.63% from 2024 to 2025, with no growth expected until 2027, and another incremental increase of 2.56% by 2028. The compound annual growth rate (CAGR) over the 5-year period is projected at approximately 1.28%.
Future trends to watch for:
- Potential impacts of environmental regulations on fishing quotas.
- Market demand fluctuations for Atlantic cod in the UK and globally.
- Technological advancements in fishing affecting production efficiency.
- Influence of climate change on fish populations and distribution patterns.
