The forecast for Fresh Cuckoo Ray production in the UK capture fisheries indicates a significant decline from 2024 onwards. Production is predicted to decrease from approximately 100.59 thousand euros in 2024 to 56.01 thousand euros by 2028. In 2023, actual data suggests the production was relatively stable as forecasts start from 2024. The year-on-year percentage variation highlights an average decline, with negative growth rates each year. This results in a compound annual growth rate (CAGR) of -13.54% from 2024 to 2028, indicating a prominent downward trend over the forecast period.
Future trends to watch for include:
- Environmental policies aimed at sustainable fishing practices that may further impact production.
- Market demand fluctuations influenced by consumer preferences for sustainable seafood.
- The role of technological advancements in fisheries, potentially improving efficiencies and yields.