The forecast for fresh European Hake production in the UK capture fisheries indicates a steady year-on-year growth from 2024 to 2028, with values rising from 50.421 to 54.418 million Euros. This suggests a positive trend with a consistent increase in production value. Compared to the 2023 figures (47 million Euros), the year-on-year percentage increment for 2024 shows a modest growth of around 7.28%. The compound annual growth rate (CAGR) from 2024 to 2028 exhibits an average growth of approximately 1.91% per year.
Future trends to consider include:
- Impact of sustainability initiatives on capture methods and yield.
- Effect of changing regulations post-Brexit on capture quotas.
- Potential market demands and price adjustments due to economic shifts.
- Technological advancements in fishing and processing techniques.
