In 2023, UK production of frozen cods, hakes, and haddocks in capture fisheries stood at 5.75 million euros. The forecast for 2024 to 2028 shows a consistent upward trend, with values ranging from 5.9463 million euros in 2024 to 6.8561 million euros by 2028. Year-on-year growth rates are positive, indicating a healthy expansion in production levels, with the compound annual growth rate (CAGR) over this period reflecting favorable economic conditions and potential increases in demand.
Future trends to watch for include the impact of environmental policies on fisheries, changes in consumer preferences towards sustainable sourcing, and potential economic fluctuations influencing the global seafood market. These factors could significantly affect production scales and profitability.
