The forecast shows a steady incremental growth in the value of frozen European plaice production in the UK from 2024 to 2028, rising from 2.28 to 2.35 thousand Euros per metric ton. In 2023, the value stood comparable to 2024 figures, indicating a stable market. This gradual increase reflects minimal fluctuations, with year-on-year changes of less than 1%, suggesting consistent demand and pricing stability. The 5-year compound annual growth rate remains modest.
Future trends to watch for include:
- Impact of environmental regulations on capture fisheries.
- Potential shifts in consumer preferences towards sustainable seafood options.
- Technological advancements in fishing and processing efficiency.
