The forecast for whole fresh smooth-hound production in UK capture fisheries for human consumption indicates a consistent decline from 2024 to 2028, with values decreasing from 622.92 to 538.93 Euros per metric ton. Compared to 2023, the analysis shows a downward trend, with the value in 2023 standing higher than 2024 at roughly 645 Euros per metric ton. From 2024 to 2028, the year-on-year decreases are steady, reflecting an average annual decline of around 3.5% (CAGR) over this period. The notable decrease signals concerns over demand, supply, or environmental factors affecting production costs.
Future trends to watch include:
- Potential changes in fishing policies post-Brexit, impacting quotas and fishing practices.
- Environmental regulations influencing smooth-hound populations and fishing techniques.
- Technological advancements in fishing that could improve efficiency and reduce costs.
- Market demand shifts due to dietary preferences or economic factors impacting consumer purchasing power.