The production value in the UK capture fisheries for fresh sharks, rays, and chimaeras is forecasted to consistently decline from €5.0896 million in 2024 to €4.0612 million in 2028, indicating a contraction in economic output by nearly 20% over five years. In 2023, production stood approximately at €5.354 million, which implies a downward trend initiated prior to the forecast period.
The year-on-year decrease is approximately 5% to 6%. Observing the Compound Annual Growth Rate (CAGR) across the past five years reveals a negative trend, aligning with declining market conditions for these marine species.
Future trends to watch for include:
- Potential regulatory changes affecting fishing quotas.
- Environmental factors impacting population dynamics.
- Market demand fluctuations for shark, ray, and chimaera products.
