In 2023, the production value of whole frozen flounders, halibuts, and soles in the UK stood at an estimated baseline, a precursor to the forecasted values of subsequent years. The year-on-year growth for 2024 is projected at 4.04%, with subsequent increases leading to a 4.23% growth in 2025 and a 3.53% rise in 2026. For 2027, the growth rate is anticipated at 3.57%, followed by a 3.29% increment in 2028. Over the forecast period from 2024 to 2028, the compound annual growth rate (CAGR) is forecasted to be 3.63%.
Looking ahead, several trends could impact future production, including:
- Environmental regulations influencing capture fishery practices.
- Technological advancements improving efficiency and yields.
- Changing consumer preferences affecting demand for frozen fish species.
- Trade policies and market access reshaping export opportunities.
