In 2023, the production value of filleted fresh small-spotted catshark in the UK's capture fisheries stood at 900 Euros per metric ton. From 2024 to 2028, a consistent year-on-year decline is forecasted, starting at 841.08 Euros per metric ton in 2024 and decreasing to 627.25 Euros per metric ton by 2028. The average annual reduction or compound annual growth rate (CAGR) over this five-year period is significant. These declines reflect various underlying challenges impacting the sector.
Future trends to watch for include:
- Shifts in consumer preferences influencing demand for seafood
- Potential regulatory changes impacting capture fisheries practices
- Environmental factors, such as climate change, affecting fish stocks
- Technological advancements that could alter production efficiency
