The projected values for whole fresh Atlantic cod production in capture fisheries in the UK show a gradual decline from 2024 to 2028, with prices per metric ton forecasted to decrease steadily each year. Assuming the value for 2023 stood at 1.52 Thousand Euros per Metric Ton, the market faces continuous downward pressure. The year-on-year variations display a consistent decrease, indicative of a likely reduction in supply or demand equilibrium. Over the five-year period, the CAGR reflects a negative trajectory, highlighting a persistent decline in value.
Future trends to watch include regulatory changes, sustainability practices, and advances in fishing technology, which could influence both production volumes and values. Additionally, shifts in consumer preferences toward sustainable seafood could impact the market dynamics significantly.
