The forecast shows a gradual decline in the total sharks production value in capture fisheries for human consumption in the UK from 2024 to 2028. In 2024, the value is projected at 1.3 Thousand Euros per Metric Ton, steadily decreasing to 1.28 Thousand Euros per Metric Ton by 2028. It reflects a minor year-on-year decrease starting in 2025 and stabilizing from 2026 to 2028. The compound annual growth rate (CAGR) over these years entirely results in a downward trend. In 2023, the recorded value was higher than these forecasts, indicating a sustained reduction in value throughout the projected period.
Future trends to watch for include:
- Potential regulatory changes affecting shark fishing practices in UK waters.
- Shifts in consumer demand for shark products due to environmental concerns.
- Possible technological advancements that could impact fishing methods and efficiency.
