In the UK, the production of frozen sharks, rays, and chimaeras in capture fisheries is projected to see a steady increase from 2024 to 2028, moving from 23.21 thousand euros in 2024 to 23.52 thousand euros in 2028. This steady growth indicates a positive trend, with an average Compound Annual Growth Rate (CAGR) over the five-year forecast period.
The year-on-year percentage growth highlights a consistent upward movement, supporting the expectation of a steadily growing market. It is essential to note that in 2023, the actual production stood right before this gradual incline began, providing a benchmark for forecasted growth.
Future trends to watch for include potential impacts of regulatory changes in capture fisheries, shifts in consumer preferences towards sustainable seafood practices, and technological innovations improving fishing efficiency and product quality.
