In 2023, the smooth-hound production in the UK stood at approximately 754.50 Euros per metric ton. Analyzing the forecast from 2024 to 2028 shows a consistent decline in smooth-hound production value, starting from 745.23 Euros in 2024 to 707.61 Euros in 2028. Year-on-year variations illustrate a steady decline: 2024-2025 (-1.30%), 2025-2026 (-1.29%), 2026-2027 (-1.28%), and 2027-2028 (-1.27%). The Compound Annual Growth Rate (CAGR) over this five-year period further demonstrates an average annual decrease of 1.29%.
Future trends to watch for include:
- Changes in governmental fishery policies which may affect the capture fisheries.
- Environmental impacts and conservation efforts that could influence catch volumes and production values.
- Demand shifts in international seafood markets affecting price and profitability.
