Forecast: Total Shagreen Ray Production in Capture Fisheries in the UK

In 2023, the actual production of Shagreen Ray in capture fisheries in the UK stood at a certain benchmark, which served as a reference point for the subsequent forecasts. From 2024 onwards, projected data indicates a consistent decline in production from 5.38 to 1.98 metric tons by 2028. Year-on-year percentage variations highlight a steady decrease in production volume each year, with a pronounced compounded annual growth rate (CAGR) reflecting a downward trend of approximately 25.5% per annum over these five years.

Future trends to watch for include:

  • Impact of regulatory changes on capture limits and sustainable fishing practices.
  • Potential recovery strategies in Shagreen Ray populations and their effects on fisheries.
  • Economic influences on the fishing industry such as market demand and pricing pressures.

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