In 2023, the value of gutted frozen turbot production in the UK stood stable. Forecasts indicate a marginal decline in value over the next five years: from 7.64 thousand Euros per metric ton in 2024 to 7.19 in 2028, marking a decreasing trend. Year-on-year declines are notably subtle, ranging between 1.57% and 1.51%, with an average annual decrease (CAGR) of around 1.52%.
Future trends to watch for include:
- Potential impacts from environmental policies and regulations affecting capture fisheries.
- Technological advancements and innovations impacting production efficiency and cost structure.
- Evolving consumer preferences towards sustainable and responsibly sourced seafood.