In 2023, the production value for gutted fresh dogfish sharks in UK capture fisheries stood below the projected figures for 2024. From 2024 onwards, a steady increase in value is observed, with particularly modest year-on-year growth between 2.63% and 2.54% until 2028. The compound annual growth rate over this five-year forecast period is estimated at about 2.57%, reflecting stable but incremental growth within this sector.
Future trends to watch for:
- Sustainable fishing practices and regulatory impacts on shark fishery dynamics.
- Changes in consumer demand for seafood influencing market values.
- Environmental and ecosystem impacts affecting shark populations and subsequently capture rates.