The production value of whole fresh Atlantic cod in the UK capture fisheries is projected to decrease from 11.95 thousand euros in 2024 to 11.06 thousand euros by 2028. Compared to 2023, these are expected declines seen moving into the forecasted years. From 2024 to 2028, the annual decrease is consistent with a slight downward trend, averaging a compound annual growth rate (CAGR) indicating a drop per year in performance.
Future trends to watch for:
- Impact of regulatory changes on fishing quotas and sustainability efforts.
- Potential fluctuations in global demand due to market preferences and economic conditions.
- Advancements in sustainable fishing techniques and technology that could alter production efficiency.