The forecast for fresh whiting fish production for human consumption in the UK indicates steady growth from 2024 to 2028, with values increasing from 1.67 to 1.84 thousand Euros per metric ton. In comparison to the position in 2023, which stood at 1.62 thousand Euros per metric ton, we see a consistent upward trend.
Year-on-year percentage increases show a growth trajectory: 2024 (2.96%), 2025 (2.40%), 2026 (2.92%), 2027 (2.27%), and 2028 (2.22%). The cumulative annual growth rate (CAGR) from 2023 to 2028 is approximately 2.55%, highlighting a stable rise in market price.
Future trends to watch include potential regulatory changes affecting fishery practices, environmental impacts on fish stocks, and broader economic factors impacting market prices and demand. Stakeholders should be prepared for shifts in consumer preferences toward sustainable sources and the impact of technological advancements in fishing techniques.
