In 2023, the production value for whole fresh sandeels, sandlances in UK capture fisheries stood at a higher rate than the forecasted values from 2024 to 2028. There is a consistent decline annually, with the value decreasing by 2.78% year-on-year from 2024 to 2028. This indicates a shrinking market value for these fish, with a Compound Annual Growth Rate (CAGR) expected to be negative over the upcoming five years.
Looking forward, it is crucial to monitor:
- Environmental policies affecting capture fisheries.
- Demand shifts in human consumption of these species.
- Potential impacts of climate change on fish populations.
- Technological improvements in fishing practices.
