In 2023, the whole fresh pollack production in capture fisheries for human consumption in the UK was valued at 20.92 thousand Euros. Forecasted data from 2024 to 2028 shows a continuous decline in production value, decreasing from 17.54 thousand Euros in 2024 to 8.19 thousand Euros in 2028.
Year-on-year variations highlight a downward trend, with a projected decline of 13.74% from 2024 to 2025, 15.57% from 2025 to 2026, 18.07% from 2026 to 2027, and 21.72% from 2027 to 2028. The compound annual growth rate (CAGR) over the forecasted five-year period is approximately -13.62%, indicating a significant contraction in production.
Future trends to watch for:
- Conservation efforts and regulatory changes that may impact fishing quotas.
- Potential shifts in consumer preferences towards more sustainable seafood options.
- Impacts of climate change on fish populations and habitats.
- Fluctuations in market demand driven by economic conditions.