In 2023, the production value of Headed Gutted Fresh Atlantic Halibut in the UK's capture fisheries stood at a level prior to the forecast period. From 2024 to 2028, forecasts indicate a steady increase in production value, beginning at 895.55 Euros in 2024 and rising to 1110 Euros by 2028.
Year-on-year growth rates are healthy, with an average compound annual growth rate (CAGR) of approximately 5.5% over the five-year forecast period. This suggests consistent growth in the sector, indicative of increasing demand or enhanced production capabilities.
Future trends to watch for include:
- Potential impacts of climate change on fish stocks and production rates
- Regulatory changes in the fisheries sector, affecting supply chains
- Technological advancements in fishing techniques and sustainability practices
- Global market demand shifts and export opportunities for UK fisheries
