In 2023, the production of gutted fresh smooth-hound in the UK's capture fisheries was valued at approximately 150 thousand Euros. From this baseline, projections for 2024 to 2028 indicate a consistent upward trend with values rising steadily from 152.99 to 167.84 thousand Euros. The year-on-year growth rates demonstrate a gradual increase, with percentages showcasing a moderate but steady growth pattern. The compound annual growth rate (CAGR) over this five-year period is also positive, reflecting a healthy expansion in production value.
Future trends to watch for include:
- Potential changes in fishing regulations which could impact smooth-hound availability.
- Environmental factors that might affect fish populations.
- Market demand shifts driven by consumer preferences for sustainable seafood.