The forecast for the UK's frozen Atlantic cod production from capture fisheries for human consumption indicates a significant downward trend between 2024 and 2028. From the starting point in 2024 at 308.06 metric tons, production is anticipated to fall to 91.88 metric tons by 2028. Comparing the forecast to actual data from 2023, there is a notable year-on-year decrease, with production dwindling by roughly 59% over this five-year period. This equates to an annual compound average growth rate (CAGR) of -25.47%, reflecting the challenges facing the industry, such as potential overfishing, regulatory impacts, or environmental shifts.
Future trends to watch include the impact of climate change on fish habitats, evolving regulatory frameworks post-Brexit, and technological advancements in sustainable fishing practices. Additionally, shifts in consumer preferences towards sustainable and responsibly sourced seafood may also affect production and demand dynamics in the future.
