In 2023, the production of whole fresh diadromous fishes in capture fisheries in the UK stood at a certain market value. The forecast for 2024 to 2028 projects a steady increase in the value of production from 12.32 to 14.34 thousand euros per metric ton. This represents year-on-year growth rates as follows: 4.2% from 2024 to 2025, 4% from 2025 to 2026, 3.7% from 2026 to 2027, and 3.5% from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is expected to be around 3.85%.
Future trends to consider include:
- Potential impacts of climate change on fish migration and population, which may affect availability and capture volumes.
- Economic factors such as exchange rates and regulatory changes, including post-Brexit trade policies, influencing market dynamics.
- Rising consumer demand for sustainable fishery products, potentially driving industry shifts towards more sustainable practices.