In 2023, the production value of filleted fresh whiting fish in capture fisheries in the UK stood at around €982 per metric ton. Forecast data suggests a declining trend for the years 2024 to 2028. Specifically, a year-on-year decrease is observed with production value expected to fall by approximately 7.72% from 2024 to 2025 and by 8.19% from 2025 to 2026. The CAGR from 2024 to 2028 is estimated to be -8.23%, highlighting a significant downturn over time.
Future trends to watch for include:
- Impact of environmental and regulatory changes on fish stock and capture techniques.
- Variations in consumer demand potentially affecting market prices.
- Technological advancements in fishing and preservation methods.