The production of cods, hakes, and haddocks in UK capture fisheries is forecasted to increase steadily from slightly over 123 thousand metric tons in 2024 to over 126 thousand metric tons by 2028. In 2023, the production stood at approximately 123 thousand metric tons, representing a base for future forecasting. From 2024 onwards, the year-on-year growth rate is projected to hover around 0.54% to 0.5%, while the five-year Compound Annual Growth Rate (CAGR) suggests a moderate upward trajectory.
Future trends to watch for include:
- Potential impacts of climate change on fish stocks and migration patterns
- Regulatory changes affecting fishing quotas and sustainability practices
- Technological advancements in fishing practices and equipment
- Market demand shifts for seafood, influencing catch priorities
