In 2023, the production of catsharks in the UK capture fisheries was recorded at approximately 92.4 metric tons. The forecasted data from 2024 to 2028 indicates a steady year-on-year increase in production: 2024 shows a rise to 95.31 metric tons, 2025 to 98.29 metric tons, 2026 to 101.2 metric tons, 2027 to 104.05 metric tons, and finally to 106.85 metric tons in 2028.
Year-on-year growth rates for 2024-2025 and 2025-2026 stand out at approximately 3.1%, while subsequent years maintain this positive trend. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is around 3.6%, indicating consistent growth in catsharks production.
- Future trends to watch include advancements in sustainable fishing practices, which could impact production rates positively or negatively.
- Regulatory changes and market demand for catsharks might influence production volumes and sustainability efforts.
- Climate change impacts on marine ecosystems could also play a critical role in future production capabilities.