In 2023, the production of Headed Gutted Fresh Atlantic Cod in the UK capture fisheries was the baseline from which subsequent years are forecasted. By examining forecast data from 2024 to 2028, we observe a steady increase in production value, starting at 21.62 thousand Euros in 2024 and reaching 24.07 thousand Euros by 2028. The year-on-year growth demonstrates a consistent upward trend.
Key Points:
- The forecast from 2024 to 2028 shows a gradual growth, indicating positive market dynamics for cod production.
- The projected compound annual growth rate (CAGR) over this period suggests moderate yet stable expansion in this sector.
Future trends to watch include sustainability practices, regulatory changes, and market demand fluctuations that may impact production levels and economic value in the longer term.
