In 2023, the value of fresh Atlantic cod production in capture fisheries for human consumption in the UK stood at approximately 14.874 million euros. The forecast for 2024 indicates a value of 15.504 million euros, representing a 4.2% year-on-year increase. Between 2024 and 2025, the growth continues by 4.6%. From 2025 to 2026, there's a 4.3% rise, and from 2026 to 2027, a 4.0% increase is expected. The period from 2027 to 2028 continues to show a growth rate of 3.8%. The compound annual growth rate (CAGR) between 2024 and 2028 is projected at 4.2%.
Future trends to watch for include:
- Potential impacts of environmental changes, such as climate change on cod habitats and stock sustainability.
- Regulatory changes within the UK and EU post-Brexit that may affect fishing quotas and import/export dynamics.
- Technological advancements in fishing and production processes that could further optimize yield efficiency.
