In 2023, the baseline was established for frozen, filleted finfish production in capture fisheries in the UK. From 2024 to 2028, forecasts indicate a steady upward trend in production value, climbing from 8.15 to 9.19 thousand euros per metric ton. This represents a cumulative increase of around 12.8% over the period, highlighting a consistent growth trajectory.
For each year, the year-on-year growth rates are as follows:
- 2024 to 2025: 3.3%
- 2025 to 2026: 3.1%
- 2026 to 2027: 2.9%
- 2027 to 2028: 2.9%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 3.05%, suggesting a moderate and sustainable increase in production values.
Future trends to watch for include potential fluctuations in global fish demand, fishing sustainability practices, and advancements in processing technologies that could impact cost structures and demand dynamics.
