The forecast for frozen sharks, rays, and chimaeras production in the UK indicates a consistent year-on-year decline from 2024 to 2028. Starting at 618.01 Euros per metric ton in 2024, the value decreases significantly to 253.12 Euros per metric ton by 2028. In comparison, the actual value for 2023 was notably higher, suggesting a downtrend in the value of these products over the forecasted period. The average compound annual growth rate (CAGR) over the five years indicates a negative trajectory, highlighting an average annual decrease.
Future trends to watch for include potential shifts in consumer demand, environmental regulations impacting fishing practices, and any developments in sustainable seafood initiatives which could influence production and market values of these marine species.
