In 2023, the whole fresh small-eyed ray production in capture fisheries in the UK stood at an assumed baseline, and forecasts suggest annual growth. From 2024 to 2028, production is expected to increase steadily, moving from 87.84 thousand euros to 109.7 thousand euros. Year-on-year growth rates indicate a consistent upward trend, with a notable increase each year. Over the five years, the compound annual growth rate (CAGR) highlights significant and steady growth in economic returns for this segment of the fisheries industry.
Future trends to watch for include:
- Potential impacts of regulatory changes and environmental policies on small-eyed ray fishing.
- Technological advancements in sustainable fishing practices could boost efficiency.
- Market demand and price fluctuations in the seafood industry affecting economic viability.
