The forecast for fresh European seabass production in capture fisheries for the UK shows a gradual decline from 2024 to 2028. This sector stood at approximately 4.2 million euros in 2023. The year-on-year changes indicate a consistent decrease of around 3.6% each year. From 2024 to 2028, the compound annual growth rate (CAGR) projects a decline of about 3.5% per year. This reflects a steady downward trend in the value of production over these years.
Future trends to watch for include:
- Potential shifts in market demand for European seabass due to changing consumer preferences or trade policies.
- Impact of environmental regulations and sustainability efforts on capture fisheries.
- Technological advancements in aquaculture that might offset declines in capture fisheries.