In 2023, the production value of frozen flounders, halibuts, and soles in UK capture fisheries for human consumption stood significantly higher than forecasted trends. From 2024 to 2028, the value per metric ton is predicted to decline from 1.26 to 0.79353 thousand euros. The year-on-year percentage decrease highlights a gradual reduction in value: approximately 9.5% from 2024 to 2025, 10.5% from 2025 to 2026, 11% from 2026 to 2027, and finally around 12.5% from 2027 to 2028. The cumulative average growth rate (CAGR) over these five years reflects a sustained downward trend.
Future trends to watch for:
- Impact of environmental policies and sustainability efforts on fish stock and supply.
- Fluctuations in currency and market demand affecting international competitiveness.
- Technological advancements in freezing and storage impacting production efficiencies.