In 2023, the frozen production of cods, hakes, and haddocks for human consumption in the UK stood at a lower base compared to the forecasted figures. By 2028, production is expected to reach 6.8164 million euros, showing a steady increase over the forecast period.
The year-on-year growth from 2024 to 2028 reflects consistent positive increments. From 2024 to 2025, production is projected to grow by approximately 3.94%, and from 2025 to 2026, by 3.71%. Continuing this trend, 2026 to 2027 is expected to see a growth of 3.51%, and 2027 to 2028, 3.31%. The Compound Annual Growth Rate (CAGR) over this five-year period is expected to average around 3.61%.
Future trends to watch for include potential fluctuations in market demand and environmental regulations that could impact fishing activities and overall production. Additionally, technological advancements in capture fisheries may enhance operational efficiency, influencing future production levels.
