The production of whole frozen gurnards and searobins in capture fisheries in the UK is expected to steadily increase from 2024 to 2028, with values forecasted in thousand euros as follows: 1.89, 2.0, 2.11, 2.22, and 2.33. As we stand in 2024, the value shows a positive trend with an approximate year-on-year growth of about 5.82% from 2024 to 2025 and similarly for subsequent years. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated to be around 5.39%, indicating a stable upward trajectory.
Future trends to watch for:
- Impact of environmental and sustainability regulations that might affect fishing quotas and practices.
- Fluctuations in seafood demand influenced by consumer preferences shifting towards sustainable and locally-sourced products.
- Potential technological advancements in fishing methods that could improve yield and efficiency.
- Economic factors such as exchange rates and trade agreements, which may impact profitability and market dynamics.