The forecast for whole frozen European plaice production in capture fisheries in the UK indicates a steady growth from 2024 to 2028. The production value is projected to increase from 1.04 thousand euros in 2024 to 1.28 thousand euros in 2028. Given that data for 2023 is not provided, we will focus on future trends.
- Year-on-year growth is consistent, suggesting a positive trend in production.
- From 2024 to 2025, there is a projected increase of 5.77%.
- From 2025 to 2026, the growth continues with an increase of 5.45%.
- From 2026 to 2027, the forecast shows a 6.03% rise.
- From 2027 to 2028, production is expected to rise by 4.07%.
- The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 5.37%.
Future trends in the whole frozen European plaice market should consider factors such as changes in consumer preferences toward sustainable seafood options, potential impacts of climate change on fisheries, regulatory developments, and trade dynamics post-Brexit. These could influence production practices and market demands, guiding strategic decisions in this sector.
