In 2023, gutted fresh cods, hakes, and haddocks production in UK capture fisheries for human consumption stood at around 12.96 thousand metric tons. From 2024 to 2028, production is forecasted to decline progressively from 12.29 to 9.78 thousand metric tons, a consistent downward trajectory. The year-on-year decrease reflects a steady contraction in production capacity with notable declines each year: 2025 (-5.28%), 2026 (-5.41%), 2027 (-5.63%), and 2028 (-5.87%). The compound annual growth rate (CAGR) over this period is anticipated to reflect a significant negative trend.
Key future trends to watch:
- Impact of regulatory changes and sustainability measures on fishing practices.
- Market shifts towards sustainability could affect demand for wild-caught versus farm-raised fish.
- Technological advances in fishing to improve efficiency and yield without compromising stock sustainability.