In 2023, the UK capture fisheries for European sprat produced approximately 2.29 thousand metric tons. From 2024 to 2028, there is a forecasted decline in production, decreasing from 2.12 to 1.47 thousand metric tons. This reflects a significant yearly decrease, with year-on-year reductions of approximately 8% in 2025, 8.2% in 2026, 8.9% in 2027, and 9.8% in 2028. The compound annual growth rate (CAGR) over these five years is approximately -8.1%.
Future trends to watch for:
- Potential impacts of environmental regulations and sustainability practices on fishing volumes.
- Changes in market demand and competition which could influence production levels.
- Technological advancements in capture fisheries that may improve efficiency or yields.