As of 2023, the actual production value for gutted fresh Thornback Ray in UK capture fisheries was not specified, but given subsequent forecasts, the production appears to be undergoing a gradual decline. From 2024 to 2028, the forecasted figures show a slight year-on-year decrease. Specifically, 2024 sees a production value of 788.46 thousand Euros, progressively dropping to 781.3 thousand Euros by 2028, suggesting a consistent decline trend. The compounded annual growth rate (CAGR) over this period reflects a marginal negative trend, meaning production is gradually decreasing year on year.
Future trends to watch for may include:
- Potential impacts of climate change on fish populations which could further exacerbate declines.
- Regulatory changes in UK fisheries management that could aim to stabilize or increase production.
- Market demand shifts influencing pricing and profitability that could alter fishing incentives.