The UK garfish production in capture fisheries is projected to steadily decline from 2024 to 2028. In 2023, actual recorded production was higher than any of the forecasted years. From 2024 to 2025, production is expected to decrease by approximately 22%. The following year shows an expected reduction of 29% from 2025 to 2026. Conversely, 2027 is forecasted to demonstrate a decline of about 38% compared to 2026. Between 2027 and 2028, a notable drop of nearly 60% is anticipated. The compound annual growth rate (CAGR) over the forecast period estimates an average annual decline, indicating a downward trajectory in garfish production.
Future trends to watch for include:
- Impact of regulatory changes or conservation efforts on capture fisheries.
- Shifts in consumer demand and market preferences towards alternative fisheries.
- Technological advancements in fishing practices that could affect production efficiency.