In nominal terms, average fish prices are all expected to decline in the first part of the projection period before recovering in the last five years of the outlook period. In 2025, average producer prices are projected to be slightly higher than during the 2013-15 base period, as demand growth is expected to outpace supply. However, the average prices for traded products for human consumption, fishmeal and fish oil are projected to be slightly lower in 2025 relative to the base period.