In 2023, the actual value of production for fresh sharks, rays, and chimaeras in the UK's capture fisheries was slightly higher than 1.01 thousand Euros per metric ton. From 2024 to 2028, projections indicate a steady decline in value, starting at 1.01 in 2024 and decreasing to 0.89087 by 2028. The annual percentage decrease ranges from approximately 2% to 3%, reflecting a continuous and noticeable trend. This trend results in a compound annual growth rate (CAGR) of -3.1% for the forecast period, highlighting a consistent downward trajectory in this sector.
Future trends to watch for include potential regulatory changes, shifting market demands, and environmental impacts on fish populations, all of which could further affect the economic viability and sustainability of the UK's capture fisheries for sharks, rays, and chimaeras.
