The forecast for Whole Fresh Northern Quahog production in the UK from 2024 to 2028 shows a steady increase in value, rising from 4.83 to 5.4 thousand Euros per metric ton. In 2023, the value stood slightly lower, suggesting a gradual upward trend in market value. Year-on-year growth ranges from approximately 3% to 2.7%, indicating consistent demand and potential value enhancements in capture fisheries for human consumption. The compound annual growth rate (CAGR) over these five years is approximately 2.8%.
Future trends to watch for include:
- Impacts of climate change on quahog habitats, potentially affecting supply and prices.
- Changes in consumer preferences towards sustainable seafood impacting demand.
- Economic variables such as inflation and tariffs influencing international trade and pricing.