In 2023, Greater Weever production in UK capture fisheries was estimated at 0.55 metric tons. The forecast indicates a gradual decline from 2024 to 2028: a decrease from 0.47 metric tons in 2024 to 0.12 metric tons in 2028. This represents significant year-on-year reductions of 19.1% to 40% each year. The compound annual growth rate (CAGR) over the five years from 2024 to 2028 is -25.5%, indicating a substantial decline in production volume.
Future trends to watch:
- Impact of environmental policies and conservation efforts on fish populations.
- Economic shifts that might affect the fishing industry, including Brexit-related changes.
- Technological advancements in sustainable fishing practices.