In 2023, the actual production of fresh Atlantic cod in capture fisheries in the UK stood at 19.5 thousand metric tons. Forecasted data from 2024 to 2028 suggests a moderate upward trend, with production rising steadily from 20.05 to 22.05 thousand metric tons over this period. The year-on-year growth rate averages around 2-3%, indicating a consistent increase. Over the five-year period, the compound annual growth rate (CAGR) is estimated to be approximately 2%.
Future trends to watch for include:
- Potential impacts of climatic changes on fish habitats and migration patterns.
- Regulatory changes in fisheries management and sustainability practices that could affect production levels.
- Technological advancements in fishing practices that may increase efficiency.