As of 2023, the production of whole frozen flounders, halibuts, and soles in the UK capture fisheries stood at a certain level. From 2024, a steady upward trend in production value is projected, starting at 5.45 thousand Euros and reaching 6.28 thousand Euros by 2028. Year-on-year, the production value is forecasted to grow by approximately 4% to 5%. This indicates a compounded annual growth rate (CAGR) over the five-year period that supports a healthy and consistent increase in production.
Future trends to watch for include:
- Potential impacts of policy changes or new regulations on capture fisheries.
- Technological advancements in fishing techniques improving efficiency.
- Market demand and price fluctuations affecting production economics.
- Environmental factors and sustainability initiatives challenging traditional practices.
