In 2023, the value of gutted fresh small-eyed ray production in capture fisheries for human consumption in the UK stood at approximately 2.14 Thousand Euros Per Metric Ton. The forecast data for 2024 to 2028 reveals a consistent upward trend in value, increasing incrementally each year by about 0.01 Thousand Euros Per Metric Ton, reflecting a stable growth pattern.
- Year-on-year variation: The consistent increase in value from 2024 to 2028 results in an annual growth of approximately 0.47%.
- Last two years: The growth rate is steady with no significant fluctuations or risks observed in this period.
- CAGR over five years: The compounded annual growth rate over the forecast period is approximately 0.47% per year.
Future trends to watch for include potential regulatory changes affecting capture fisheries, which may influence production costs and pricing. Additionally, shifts in consumer preferences or demand for sustainable fishing practices could impact pricing and market dynamics. Monitoring these factors will be essential for strategic planning and forecasting beyond 2028.
