In 2023, fresh European hake production in UK capture fisheries stood at 5.35 thousand metric tons. Forecasted figures suggest a steady increase in production from 2024 to 2028, with a cumulative average growth rate (CAGR) of approximately 4.2% per year. Year-on-year variations show growth rates of 4.5% in 2025, 4.1% in 2026, 3.9% in 2027, and 3.6% in 2028, signaling consistent expansion but with a slightly decreasing growth rate.
Future trends to watch for include:
- Potential impacts from regulatory changes in fisheries management and sustainability efforts.
- Effects of climate change on hake habitats and populations, potentially leading to volume variability.
- Market demand fluctuations driven by consumer preferences and economic conditions.