The UK fishing vessel count is forecasted to decline from 5.64 thousand in 2024 to 5.38 thousand by 2028. Comparing these values with 2023, when the count was slightly higher, this indicates a gradual yearly decline, with the largest percentage drop appearing between 2024 and 2025. The compound annual growth rate (CAGR) over the five years is negative, reflecting a steady decrease in the number of vessels.
Key trends to watch in the future include technological advancements in the fishing industry that may require fewer vessels, regulatory changes impacting fleet numbers, and sustainability initiatives that could influence fleet management and potentially reverse the trend of decline.
