The production of gutted frozen sharks, rays, and chimaeras in the UK's capture fisheries is forecasted to decline steadily from 2024 to 2028. Beginning at 0.58 metric tons in 2024, it is expected to reduce to 0.33 metric tons by 2028. The production figure for 2023 recorded at 0.65 metric tons, indicating a clear downward trend. Year-on-year variations display a percentage decrease of approximately 12.1% from 2024 to 2025, and 11.8% from 2025 to 2026. The compound annual growth rate (CAGR) from 2024 to 2028 reveals an average yearly decrease of 12.6%.
Future trends to watch for include:
- Potential recovery in population numbers of these marine species due to decreased fishing pressure, which could impact future production.
- Shifts in ecological policies or regulations aimed at sustainable fisheries management may alter production forecasts beyond 2028.
- Technological advancements in capture and processing that could affect efficiency and volume of production in the longer term.
