The import value of frozen whole cod to the UK is forecasted to decrease consistently from 2024 to 2028, starting at $37.111 million in 2024 and declining to $35.554 million by 2028. Compared to 2023, this represents a trend of gradual decline over the forecast period.
Key year-on-year percentage variations indicate a slight decrease each year. The Compound Annual Growth Rate (CAGR) over the next five years reflects a mild contraction, underscoring this downward trend in imports.
Future trends to watch for include:
- Potential changes in consumer preferences towards sustainable seafood, affecting demand.
- Impacts of trade agreements and tariffs post-Brexit, which could influence import costs and volumes.
- Global climate change effects on cod availability and prices.
