As of 2023, the UK's fresh catsharks production in capture fisheries stood at a baseline level which serves as a reference for subsequent forecasts. The production is forecasted to increase steadily over the next five years from 2024 to 2028. The projected production volumes are: 95.33 metric tons in 2024, 98.3 metric tons in 2025, 101.22 metric tons in 2026, 104.08 metric tons in 2027, and 106.88 metric tons in 2028. Year-on-year variations indicate a gradual increase. Over the forecast period, a steady compound annual growth rate (CAGR) can be anticipated, reflecting a positive growth trend in the production levels.
Future trends to watch for include:
- Potential impacts of climate change on marine ecosystems affecting catsharks' habitats.
- Developments in sustainable fishing practices and regulations that could influence production.
- Market demand fluctuations driven by consumer preferences and competition from alternative seafood products.