In 2024, the forecast for fresh picked dogfish production in UK capture fisheries indicates a value of €67.12K, compared to its standing in 2023. Expected declines continue year-on-year through 2028, ending at €45.8K. This demonstrates a consistent decrease, with values dropping approximately 7.5% in 2025, 8.7% in 2026, 9.4% in 2027, and 10.2% in 2028. The forecasted compound annual growth rate (CAGR) from 2024 to 2028 is negative, signaling the fishery's challenging market conditions.
Future trends to watch for:
- Potential changes in fishery regulations impacting supply.
- Shifts in consumer demand for sustainable seafood.
- Emerging market opportunities for alternative species.
- Technological advancements in fishery management and capture methods.
