The forecast for Greenland Halibut production in the UK from 2024 to 2028 indicates a consistent decline. Starting from 531.7 thousand euros in 2024, the production value is anticipated to decrease yearly, resulting in a significant reduction to 355.28 thousand euros by 2028. Comparing the forecasted data with actual figures from 2023, where it stood slightly higher, suggests a continued downward trend. The average annual decrease over these five years results in a compound annual growth rate (CAGR) that is negative, reflecting the overall decline in production value.
Future trends to watch include potential shifts in market demand and environmental regulations, which could further impact production. Additionally, changes in fishing policies and climate conditions may influence stock levels and catch quotas, affecting the overall trend.
