In 2023, the UK’s fresh finfish production for human consumption in capture fisheries stood at approximately 8.25 million euros. Forecast data for 2024 to 2028 suggests a consistent decrease. The production value is estimated to drop from 8.0546 million euros in 2024 to 7.309 million euros by 2028. This indicates a steady decline, with a year-on-year decrease of around 2-2.5%. The compound annual growth rate (CAGR) from 2024 to 2028 shows an average yearly reduction, signifying a potential challenge in maintaining supply levels.
Future trends to watch for:
- Environmental policies that may impact fishing practices.
- Technological advancements in sustainable fishing methods.
- Market demands and shifts towards aquaculture.
- Regulatory changes impacting fishing quotas and the environment.
