The forecasted production value of whole fresh Northern Quahog in UK capture fisheries indicates a consistent upward trend from 2024 to 2028, with annual increases ranging from approximately 3.1% to 2.7%. In 2024, the production value stands at 102.43 thousand Euros. For 2023, the actual production value was slightly lower, reflecting the positive growth trajectory in recent years. Over the five-year period, the compound annual growth rate (CAGR) is expected to be around 2.9%, showing a steady rise in production value.
Future trends to watch for include potential impacts of climate change on marine ecosystems, shifts in consumer demand for sustainable seafood, and regulatory changes affecting fishing quotas and practices. These factors could influence production levels and market dynamics in the long term.
