European Hake production in UK capture fisheries is projected to increase steadily from 2024 to 2028, starting at 17.82 thousand metric tons in 2024 and reaching 19.51 thousand metric tons by 2028. This forecasted growth shows a consistent upward trend with minor annual increases, enhancing almost continuously each year.
Compared to 2023, when production stood at 17.4 thousand metric tons, the year-on-year increase in 2024 is expected to be around 2.4%. The trend continues with averaged compounded growth at a rate of approximately 2.2% per annum over the 5-year period, indicating stable production expansion.
Future trends to watch for include environmental policies impacting fishing quotas, advances in sustainable fishing technologies, and potential market changes related to Brexit, which could influence production and distribution logistics.
