The forecast for whole frozen European hake production in capture fisheries for human consumption in the UK shows a declining trend from 2024 to 2028. Specifically, the value is expected to decrease steadily, with each year seeing a decline in the euros per metric ton. The year-on-year percentage variation is reflected as consistent decreases. As the data for 2023 is not available, the analysis focuses on this forecast trend. The compound annual growth rate (CAGR) over this period indicates a negative growth trajectory for the industry.
Future trends to watch for include potential impacts of climate change on fishery yields, regulatory changes post-Brexit that may affect the supply chain, and evolving consumer preferences which could drive shifts in demand. Monitoring these factors could provide insights into reversing or mitigating the predicted decline.
