In 2023, actual production value of whole fresh European flounder in UK capture fisheries for human consumption was €31.25 thousand. In 2024, forecasted production is set at €30.57 thousand, marking a 2.17% decrease from the previous year. Projections over the next few years show a consistent annual decline: -2.13% in 2025, -2.14% in 2026, -2.15% in 2027, and -2.16% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately -2.15%, suggesting a steady decrease in production value.
Future trends to watch for:
- Shifts in demand for alternative fish varieties could further impact flounder production.
- Potential regulatory changes in fishing quotas and sustainability practices may alter future forecasts.
- Economic factors, such as fluctuations in the Euro and changes in consumer purchasing power, could additionally influence market dynamics.