The forecast for frozen megrims production in the UK capture fisheries indicates a steady increase from 2024 to 2028, with values growing from 10.03 thousand euros in 2024 to 12.17 thousand euros in 2028. This upward trend shows a consistent year-on-year growth of approximately 5% and highlights an average compound annual growth rate (CAGR) of 4.9% over the five-year forecast period. In 2023, the industry stood at a production value slightly below these forecasted figures, indicating an optimistic outlook for future growth.
Future trends to monitor include:
- Sustainability practices in capture fisheries and their impact on the megrim population.
- Market demand fluctuations influenced by consumer preferences and economic conditions.
- Regulatory changes affecting fisheries management and export policies.
