Forecast: Gutted Fresh Greenland Halibut Production in Capture Fisheries in the UK

In 2023, gutted fresh Greenland halibut production in UK's capture fisheries was valued at approximately €645.36 thousand. The forecast for 2024 is €620.96 thousand, indicating a year-on-year decline of 3.8%. This downward trend continues over the subsequent years, with 2025 projected at €596.61 thousand (3.9% decline), 2026 at €572.75 thousand (4.0% decline), 2027 at €549.37 thousand (4.1% decline), and 2028 at €526.45 thousand (4.2% decline). The average annual decline from 2024 to 2028 is approximately 4.0% compound annual growth rate (CAGR).

Future trends to watch for:

  • Potential impacts of climate change on halibut stocks and capture fisheries.
  • Regulatory changes in fisheries management and their effects on production levels.
  • Shifts in market demand and price sensitivity for Greenland halibut.

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