In 2024, the UK's production in capture fisheries for sharks, rays, and chimaeras is forecasted to experience a steady decline. From 2024 to 2028, the value per metric ton decreases annually. This indicates a negative growth trend with the annual percentage change showing decreases from 2025 to 2028. Considering a CAGR over these five years, there is a consistent downward trend in production values. Compared to 2023, this is a continued trend and suggests significant challenges or shifts within the industry.
Future trends to watch for:
- Environmental regulations impacting fishing practices.
- Technological advancements in sustainable capture methods.
- Market demand shifts for marine bioproducts.
- Climate changes affecting marine life habitats and fishery yields.
