The forecast for the UK's fresh finfish production in capture fisheries for human consumption shows a modest upward trend from 2024 to 2028, starting at 2.58 thousand Euros per metric ton and reaching 2.71. In 2023, this value stood at 2.55. The compound annual growth rate (CAGR) over this forecast period is consistent at approximately 1% per annum. Notably, the year-on-year increases between 2024 and 2028 highlight a steady escalation, with minor variations reflecting stability in both market demand and supply conditions.
Future trends to watch for include:
- Potential impacts of climate change on fish populations and capture capabilities.
- Technological advancements in fishing methods and sustainability practices.
- Regulatory changes due to environmental and trade policies post-2024.
- Shifts in consumer demand towards sustainable and locally sourced seafood.