The forecast for the total production of sharks, rays, and chimaeras in capture fisheries for human consumption in the UK shows a steady decline from 2024 to 2028, with values dropping from 1.03 thousand Euros per metric ton in 2024 to 0.89134 in 2028. This reflects a year-on-year decrease of approximately 3.7% annually. Comparatively, in 2023, the production was higher, underscoring a continuous downward trend over the years. The Compound Annual Growth Rate (CAGR) indicates an average annual shrinkage rate, highlighting challenges in maintaining production levels.
Future trends to watch for include regulatory changes impacting fisheries management, shifts in consumer demand for sustainable products, and the impacts of climate change on marine ecosystems. These factors could further influence production volumes and economic viability, thereby affecting market dynamics.
