In 2024, the UK production of gutted fresh sharks, rays, and chimaeras in capture fisheries is forecasted at 1.4606 million Euros. This reflects a declining trend from 2023, indicating a shrinking market. The year-on-year decrease is observed continually, with the most significant drop anticipated in 2028, reaching 1.0513 million Euros. The compound annual growth rate (CAGR) over these five years suggests an average decline of approximately 7.99% annually.
Future trends to watch for include the impacts of regulatory changes on catch quotas, consumer demand shifts towards sustainable seafood options, and potential technological advancements in fishing practices that may influence production efficiency and economic viability.
