In 2023, the fresh Sandy Ray production in capture fisheries in the UK was valued at a baseline metric before forecasting began for subsequent years. From 2024 to 2028, projected values show a declining trend. The forecast for 2024 is marked by stability compared to 2023, but declines notably in the following years, with year-on-year decreases in value observed steadily at approximately 7.1% in 2025, 7.5% in 2026, a further 7.9% in 2027, and 8.4% in 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) indicates a consistent downward trajectory.
Future trends to watch for:
- Environmental and regulatory changes impacting sustainable fishing practices.
- Market demand fluctuations influenced by economic and consumer behavior shifts.
- Technological advancements in fisheries management and monitoring.
