In 2023, the value for frozen cods, hakes, and haddocks production in the UK capture fisheries stood at 8.33 thousand Euros per metric ton. The forecast data suggests a steady increasing trend from 2024 through 2028. The projected annual growth rates indicate increases of approximately 5.26% in 2025, 4.78% in 2026, 4.47% in 2027, and 4.27% in 2028. Over the five-year period, the compound annual growth rate (CAGR) is estimated at 4.69%.
Future trends to watch for:
- Impact of environmental policies and sustainable fishing practices on supply and pricing.
- Potential market shifts due to consumer preferences for alternative proteins.
- Exchange rate fluctuations post-Brexit affecting export competitiveness.