The forecast for the frozen production of sharks, rays, and chimaeras in the UK's capture fisheries shows a clear downward trend from 2024 to 2028. Starting at 5.63 thousand Euros in 2024, the production value declines consistently each year, reaching 1.89 thousand Euros by 2028. From 2024 to 2025, there is a decline of approximately 17 percent, followed by roughly 20 percent and 25 percent decreases in the ensuing years. The compound annual growth rate (CAGR) from 2024 to 2028 indicates a consistent negative growth trend.
Looking ahead, future trends may include increased environmental regulations and shifts in consumer preferences towards more sustainable seafood options. Monitoring these factors will be essential to understanding future market dynamics and potential recovery or further decline in production levels for these species. Stakeholders should also consider innovations in sustainable fishing practices and explore alternative economic opportunities to counterbalance the expected decrease in production.
