In 2023, the production of gutted fresh porgies and seabreams in UK capture fisheries was recorded at an actual value, establishing a baseline for the following year's forecasted growth. Starting from 2024, a steady increase is anticipated, with values projected to rise annually from €9.46 thousand to €11.21 thousand by 2028.
The year-over-year growth from 2024 to 2028 indicates a consistent upward trend:
- 2024 to 2025: 4.8% increase
- 2025 to 2026: 4.4% increase
- 2026 to 2027: 4.3% increase
- 2027 to 2028: 3.9% increase
Over this five-year period, the compound annual growth rate (CAGR) is poised to reflect a sustained upward trajectory in production value, underscoring the positive outlook for this sector.
Future trends to watch for include:
- Potential impacts of regulatory changes in fisheries management.
- Variability in fish populations and environmental conditions.
- Market demand shifts influencing production priorities.
