In 2023, the production value for fresh Greenland halibut in UK fisheries was recorded at an established benchmark. The forecast from 2024 to 2028 anticipates a steady upward trend with marginal increases year-on-year. Between 2024 and 2025, the value sees a rise of approximately 0.55%, continuing similarly in subsequent years to reach around 0.41% increment in 2028. The Compound Annual Growth Rate (CAGR) across this five-year forecast is a modest 0.41%, reflecting stable growth.
Future trends to observe include impacts from regulatory changes on fisheries, market demand fluctuations linked to consumer preferences, and potential climatic influences on fish populations, which could shift these production trends either positively or negatively over time.
