The forecast for the production value of fresh flounders, halibuts, and soles in the UK shows a steady upward trend from 2024 through 2028. In 2023, the value stood at 7.1 thousand Euros per metric ton. Year-on-year growth averages about 1.93%, while the compound annual growth rate (CAGR) over the five-year period is approximately 1.88%. This consistent increase suggests ongoing demand stability for these fish types in the market.
Future trends to watch for:
- Potential impacts of environmental regulations on fishing quotas.
- Technological advancements in sustainable fishing practices.
- Market fluctuations affected by post-Brexit trade agreements with the EU and other countries.
- Changing consumer preferences toward sustainably sourced products.