In 2023, the production of frozen flounders, halibuts, and soles in UK capture fisheries was the baseline for projections. Forecasts indicate a steady increase in value from €97.59 thousand in 2024 to €110.98 thousand by 2028, with annual increments ranging between 3.54% to 3.88%. Over this five-year period, the compound annual growth rate (CAGR) is estimated at approximately 3.32%.
Future trends to watch for include:
- Sustainability regulations and their impact on fish stock management.
- Technological advancements in fishing methods and freezing technology that could affect production efficiency.
- Market demand shifts due to consumer preference or economic conditions influencing export opportunities.
- Potential impacts of climate change on fishery distributions and yields.