In 2023, the production of fresh haddock for human consumption in the UK capture fisheries was recorded at 2.24 thousand metric tons. Forecasted data reveals a consistent decline over the next five years: in 2024 (2.24), 2025 (1.68), 2026 (1.13), 2027 (0.58846), and 2028 (0.05892). This signifies significant year-on-year percentage decreases indicating a deteriorating trend. The compound annual growth rate (CAGR) projects a sharp decrease over the forecast period.
Future trends to watch for:
- Potential regulatory changes impacting fishing quotas.
- Technological advancements in fishing efficiency and sustainability.
- Market demand shifts due to changing consumer preferences or economic factors.
