The forecast for total Greenland Halibut production in UK capture fisheries shows a significant declining trend from 2024 to 2028. In 2023, the production was 150 Metric Tons, marking a concerning downward trajectory. Year-on-year, production is expected to decrease by 12.64% from 2024 to 2025, 14.19% from 2025 to 2026, 16.20% from 2026 to 2027, and 18.98% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is predicted at -16.79%, highlighting a substantial overall decline.
Future trends to watch for:
- Impact of climate change on fish habitats and their availability.
- Regulatory changes and sustainable fishing practices.
- Potential shifts in demand due to economic and social factors.
