In 2023, the production of Frozen Saithe Pollock in the UK's capture fisheries stood at 49 metric tons. From 2024 onwards, a steady growth is anticipated, with forecasted figures indicating increases to 51.76 metric tons in 2024, reaching up to 65.12 metric tons by 2028. The year-on-year growth percentage suggests positive and consistent development in the production sector:
- 2024: A projected increase of 5.63% compared to 2023.
- 2025: An estimated growth of 6.65% from 2024.
- 2026: Expected rise by 6.11% from 2025.
- 2027: Anticipated increment of 5.64% over 2026.
- 2028: Forecasted expansion of 5.23% over 2027.
Looking at the compound annual growth rate (CAGR) from 2023 to 2028, the average annual growth is approximately 5.85%. This reflects a steady increase over the period, indicating strong demand or potential profitability.
Future trends to watch for include potential regulatory changes in fisheries management, shifts in consumer preferences towards sustainable seafood, and technological advancements in fishing techniques that could further influence production levels.
