Forecast: Fisheries Exports in the UK

The fisheries export sector in the UK is forecast to experience steady growth from 2024 through 2028. Starting at $3.66 billion in 2024, the value is expected to increase year-over-year, reaching $4.0 billion by 2028. The exports stood at $3.58 billion in 2023, indicating a consistent upward trend.

Year-on-year variation analysis reveals:

- 2024: 2.23% increase from 2023

- 2025: 2.46% increase from 2024

- 2026: 2.13% increase from 2025

- 2027: 2.35% increase from 2026

- 2028: 2.04% increase from 2027

The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is forecasted to be approximately 2.24%.

Future trends to watch for include potential impacts from environmental regulations, changes in consumer preferences towards sustainable seafood, and trade policy developments post-Brexit, all of which could influence the growth trajectory of fisheries exports from the UK.