In 2023, the sardine production for human consumption in the UK stood at an unspecified baseline. Forecasted data indicates a steady year-on-year growth in production value, represented in euros per metric ton, from 2024 to 2028. From 2024 to 2025, the increase is 0.72%, and from 2025 to 2026, it is 0.69%. This growth trend continues with a 0.68% rise from 2026 to 2027, and a 0.66% from 2027 to 2028. The compound annual growth rate (CAGR) over the five forecasted years shows a consistent, albeit modest, upward trend in sardine tariff values.
Future trends to watch for include:
- Changes in capture fisheries policies and quotas affecting sardine availability.
- Environmental factors influencing sardine populations in UK waters.
- Market demand shifts in Europe and beyond which might affect UK export potential and pricing.