In 2023, the small-spotted catshark production in the UK stood at approximately 307 Euros per metric ton. The forecast from 2024 to 2028 indicates a declining trend, with projections showing a gradual year-on-year decrease. The expected drop in value from 2024 to 2028 averages 0.96% per year over this period, suggesting a compounded annual growth rate (CAGR) decline of approximately 1.0%.
Future trends to watch for include:
- Continued impact of environmental regulations and sustainable fishing practices on production levels.
- Market demand shifts, influenced by changes in consumer preferences and potential decreases in traditional markets.
- Technological advancements and their role in improving the efficiency of capture fisheries.