The forecasted filleted fresh brill production for human consumption in the UK shows a declining trend from 2024 to 2028. In 2023, the baseline value stood at 3.29 thousand euros per metric ton. The projected decrease is consistent, with year-on-year declines of approximately 7.2% from 2024 to 2025, 7.4% from 2025 to 2026, 8% from 2026 to 2027, and 8.3% from 2027 to 2028. The compound annual growth rate (CAGR) over five years is approximately -7.7%, indicating a steady reduction in production value over time.
Future trends to watch for:
- Sustainability efforts could impact capture rates and production costs.
- Shifts in consumer preferences and demand for locally sourced seafood.
- Influence of economic factors such as exchange rates and inflation on production costs.