The production of gutted fresh small-eyed ray in the UK capture fisheries is forecasted to decline steadily from 2024 to 2028. In 2023, the production stood at 8.89 metric tons. The expected year-on-year decrease is approximately 11% from 2024 to 2025, 12% from 2025 to 2026, 13% from 2026 to 2027, and 15% from 2027 to 2028, highlighting an accelerating decline. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately -11.5%, indicating an average declining trend per year over this period.
Future trends to watch for include:
- Potential impacts of environmental regulations and sustainable fishing practices on capture volumes.
- Shifts in consumer preferences which might affect demand for ray species.
- Technological advancements in fishing that could improve yields.
- Possible economic effects influencing the fishing industry in the UK.
