In 2023, the production of Jack and Horse Mackerels in UK capture fisheries stood at 925 Euros per metric ton. Forecasts from 2024 to 2028 show a year-on-year increase from 955.74 to 1090 Euros per metric ton. This suggests a steady annual growth rate in production value, reflecting an expected increase in demand or improvements in catch efficiency. Specifically, the compound annual growth rate (CAGR) over this five-year period is indicative of a consistent upward trajectory.
Future trends to watch for include potential changes in fishing quotas or regulations, advancements in fishing technology, and shifts in market demand. Additionally, climate change impacts on marine ecosystems could alter fish distribution and affect capture rates, which are crucial factors to consider in ongoing analyses.
