In 2023, the total production of Thornback Ray in capture fisheries in the UK was recorded at approximately 2.19 million Euros. From 2024 onwards, the forecasted production values show a consistent upward trend reaching 2.3836 million Euros by 2028. This represents a steady year-on-year growth, with average percentages between 1.75% to 2.0% annually. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is anticipated to remain around 1.68%, indicating robust and steady growth in the sector.
Future trends to watch for:
- Environmental regulations affecting fishing practices.
- Market demand fluctuations driven by consumer tastes and economic conditions.
- Technological advancements in fishing techniques and sustainability measures.
- Impacts of climate change on marine biodiversity affecting ray population.
