The forecast for fresh sandeels and sandlances production in capture fisheries for human consumption in the UK from 2024 to 2028 indicates a declining trend. The value is projected to decrease from 9.9 thousand euros in 2024 to 4.48 thousand euros by 2028. This represents a year-on-year decline of approximately 14% to 22% between each year. The compound annual growth rate (CAGR) over the five-year period is around -15.8%, highlighting a consistent downward trajectory. In 2023, production was at a higher level relative to this forecasted decline.
Future trends to watch include the impact of environmental regulations, changing market demands, and fluctuating sandeel populations due to climate change. These factors could further influence production volumes and values, necessitating adaptive strategies within the industry.
