The forecast for frozen megrims production in the UK’s capture fisheries indicates a steady growth rate from 2024 to 2028. The projected values show an incremental increase from 2.8 thousand euros per metric ton in 2024 to 2.99 thousand euros per metric ton by 2028. Compared to the actual value in 2023, this translates into an average annual growth rate (CAGR) over the five-year forecast period. Year-on-year growth is consistent at approximately 1.79% based on these projections.

Key future trends to watch for include:

Sustainability efforts in fisheries that might impact production levels.
Potential shifts in consumer preferences towards alternative seafood, affecting demand.
Regulatory changes in the fishing industry post-Brexit that might influence production costs and pricing.