In 2023, the UK Atlantic cod production for human consumption stood at significantly higher levels compared to forecasted figures from 2024 to 2028. The data suggests a year-on-year value decline: a 6.33% drop from 2024 to 2025, 6.76% from 2025 to 2026, 7.25% from 2026 to 2027, and 7.81% from 2027 to 2028. The forecasted compound annual growth rate (CAGR) indicates a consistent average annual decline over these five years, reflecting reduced production value over time.
Future trends to watch:
- Impact of environmental policies on fisheries.
- Technological advancements in sustainable fishing.
- Market demand fluctuations driven by consumer preferences.
- Global climate change effects on cod populations.