In 2023, the production value of fresh sandeels, sandlances in the UK capture fisheries for human consumption stood as a baseline for comparison. Forecast data for 2024 to 2028 shows a gradual decline in value from 1.44 to 1.29 thousand Euros per metric ton. Year-on-year variations indicate a steady decrease, with slight percentage drops each year, culminating in a CAGR reflecting an overall downward average trend over this period. This trend highlights a potential concern for the economic value derived from sandeels, sandlances in capture fisheries.
Future trends to watch for:
- Impact of environmental regulations and sustainability practices on sandeel populations.
- Technological advancements in fishing methods and their effect on catch efficiencies.
- Market demand shifts driven by consumer preferences and alternative protein sources.
- Potential economic implications from Brexit and changing trade relations.
