The forecasted data for frozen sharks, rays, and chimaeras production in UK capture fisheries anticipates a consistent growth from 2024 to 2028. Starting at 23.75 metric tons in 2024, production is expected to increase by nearly 2.6% annually, reaching 26.12 metric tons by 2028. In 2023, actual production stood at 23.34 metric tons, indicating a steady year-on-year growth trajectory. The compound annual growth rate (CAGR) over the forecast period is approximately 2.45%.
Future trends to watch for include:
- Regulatory impacts on fishing allowances or conservation measures that might affect production.
- Market demand fluctuations influenced by shifts in consumer preferences or international trade dynamics.
- Technological advancements in fishing and processing that could improve yields and efficiency.