In 2023, the production value of gutted fresh dogfish sharks in the UK was likely lower than the forecasted figures. Forecasted data from 2024 to 2028 indicate a gradual increase, with values rising from €1.46 to €1.72 thousand per metric ton over this period. Year-on-year growth shows a steady upward trend with increments as follows: 4.8% from 2024 to 2025, 3.9% from 2025 to 2026, 4.4% from 2026 to 2027, and 3.6% from 2027 to 2028. The cumulative average growth rate (CAGR) over this five-year period is anticipated to be around 4.15%.
Future trends to monitor include:
- Sustainable fishing practices impact on supply chain and prices.
- Regulatory changes affecting capture fisheries.
- Consumer preference shifts towards alternative seafood sources.
- Potential economic and environmental factors influencing production costs.
