In 2023, the gutted fresh Greenland halibut production for capture fisheries in the UK stood at a certain baseline before transitioning into forecasted data from 2024 onwards. The projected data shows a consistent year-on-year increase: 4.11% from 2024 to 2025, 3.86% from 2025 to 2026, 3.64% from 2026 to 2027, and 3.45% from 2027 to 2028. The compound annual growth rate (CAGR) over the five forecasted years is anticipated around 3.76%, indicating a steady upward growth reflecting increasing production capabilities or demand.
Future trends to watch:
- Impact of regulatory changes on capture fisheries.
- Fluctuations in demand due to market preference shifts.
- Technological advancements in fishing methods.
- Environmental factors affecting halibut availability.
