As of 2024, the production value for gutted fresh dogfishes and hounds in UK capture fisheries is forecasted to be 11.72 thousand Euros, marking the beginning of a steady upward trend through to 2028. The annual growth rate over this period, based on the data, shows a consistent increase in the value, with percentages as follows: 3.67% for 2025, 3.46% for 2026, 3.26% for 2027, and 3.16% for 2028. This results in a compound annual growth rate (CAGR) of approximately 3.38% from 2024 to 2028.
Future trends to watch for include:
- Impact of regulatory changes in fisheries management and sustainability practices.
- Demand fluctuations in both domestic and international markets.
- Potential effects of climate change on marine life and the fishing industry.