In 2023, the value of spotted ray production for human consumption in the UK stood significantly higher than forecasted values for 2024 onwards. From 2024 to 2028, a declining trend is evident, with a marked decrease each year: a decrease of 9.48% in 2025, 10.48% in 2026, 11.46% in 2027, and 12.68% in 2028. The compound annual growth rate (CAGR) for these five years is negative, indicating a consistent reduction in value across this period.
Future trends to watch for:
- Environmental regulations impacting capture fisheries.
- Potential changes in consumer demand for spotted ray.
- Impacts of climate change on marine biodiversity and fish stock sustainability.
