In 2023, the frozen pouting bib production in UK capture fisheries stood at an actual value, prior to the 2024 forecast of 0.83 metric tons. Forecasts indicate a steady upward trend with an annual production increase of approximately 3.61% each year from 2024 to 2028. Specifically, the projected year-on-year variations are 3.61% from 2024 to 2025, 3.49% from 2025 to 2026, 3.37% from 2026 to 2027, and 3.26% from 2027 to 2028. The CAGR over the five-year forecast period from 2024 to 2028 is approximately 3.43%.
Future trends to watch for include:
- Potential impacts of climate change on fish stock availability, which could affect production.
- Trade policies and regulations that might alter both supply chain and market access.
- Technological advancements in capture fisheries that could increase efficiency and output.