In 2023, the production value of gutted fresh black scabbardfish in UK capture fisheries stood at €81,000. Since then, forecasts project a steady increase: €83.16K in 2024, escalating to €91.77K by 2028. This translates into a compounded annual growth rate (CAGR) of approximately 3% over the five-year period. Year-on-year growth is maintained, with the annual increase ranging from around 2.6% to 2.3% from 2024 to 2028, demonstrating a consistent upward trend.
Future trends to watch for include potential impacts of Brexit-related policies on fisheries quotas, environmental changes affecting marine populations, and market demand shifts for alternative fish species. Additionally, technological advancements in sustainable fishing practices could influence production efficiency and yield.
