In 2023, the value of gutted frozen finfish production in capture fisheries in the UK stood at approximately 3.55 thousand euros per metric ton. Forecast data for 2024 through 2028 indicates a gradual increase in the value, from 3.59 to 3.73 thousand euros per metric ton. The year-on-year growth rate ranges from 1.11% to 1.08%, reflecting a stable upward trend. The compound annual growth rate (CAGR) from 2024 to 2028 indicates an average yearly increase of around 1.1% in value. This suggests a consistent rise in the market value over five years.
Future trends to watch for include:
- Potential impacts of policy changes on fisheries regulation.
- Technological advancements in fishing methods and supply chain efficiencies.
- The influence of environmental factors and sustainability concerns on production and market dynamics.