The small-spotted catshark production in the UK is projected to increase steadily from 2024 to 2028. The forecasted values show a consistent year-on-year growth, with the production reaching 931.75 thousand euros by 2028. This upward trend suggests a positive trajectory compared to 2023, where actual figures stood lower. Notably, the Compound Annual Growth Rate (CAGR) over the five-year period reflects a healthy increase in production value, enhancing the industry's potential economic contribution.
Future trends to watch for:
- Potential impact of regulatory changes on fishing practices and sustainability.- Influence of climate change on marine life, possibly affecting catshark habitats and availability.- Strengthening demand in international markets and its effect on boosting production incentives.
