Forecast: Fresh Atlantic Halibut Production in Capture Fisheries for Human Consumption in the UK

The forecasted value of fresh Atlantic halibut production in capture fisheries for human consumption in the UK shows a slight decline from 2024 to 2028, with values consistently decreasing in thousand Euros per metric ton year-on-year. In 2023, the production value stood at a higher point compared to the forecasted values, indicating a downward trend from 2024 onwards. The year-on-year percentage variation reveals a consistent reduction approximately of 1.6% annually, highlighting a gradual decrease. The five-year compound annual growth rate (CAGR) suggests an average deceleration, signaling a potential decrease in profitability if current trends persist.

Future trends to watch for include:

  • Potential impacts of environmental changes and regulatory shifts on production volumes.
  • Fluctuations in consumer demand impacting market dynamics and pricing structures.
  • Technological advancements and sustainability initiatives affecting capture efficiency.

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