In 2023, the production value of Roes Cods, Hakes, and Haddocks in UK capture fisheries for human consumption was 84.6 thousand Euros. From 2024, this is forecasted to increase year-on-year, with values reaching 89.54, 94.62, 99.61, 104.5, and 109.28 thousand Euros by 2028. Notably, this represents annual growth rates of approximately 5.7%, 5.3%, 5.2%, and 4.6% respectively over the next four years. The compound annual growth rate (CAGR) for the five-year forecast period is approximately 5.2%.
Future trends to watch for include:
- Potential impacts of regulatory changes in fisheries affecting quotas and sustainable practices.
- Shifts in consumer preferences towards non-traditional seafood varieties which could affect demand.
- Fluctuations in currency exchange rates impacting competitiveness in the export market.
