The forecasted production value of picked dogfish in UK capture fisheries shows a steady growth over the next five years, starting from €2.27 thousand per metric ton in 2024 and increasing incrementally by €0.03 thousand each year to reach €2.39 thousand in 2028. The year-on-year growth rate is approximately 1.32% from 2024 onwards, consistent over the forecasted period. The Compound Annual Growth Rate (CAGR) for the period of 2024 to 2028 is also anticipated to maintain the same 1.32%, indicating a stable upward trend without dramatic fluctuations.
Future trends to watch for include:
- Potential impact of environmental policies on capture fishery yields.
- Fluctuations in market demand for dogfish both domestically and internationally.
- Technological advancements in fishing techniques that may affect production efficiency and costs.