In 2023, the Fresh Smooth-hound production in the UK's capture fisheries was at a notable level, marking a critical reference point before entering a period of decline. From 2024 to 2028, the forecast indicates a continuous decrease in value, with the production value steadily declining year-on-year. The average compound annual growth rate (CAGR) over this five-year period reveals a negative trend, highlighting an ongoing reduction in production value.
Key future trends to watch for include:
- Potential regulatory changes impacting fishing quotas and sustainable practices.
- Market demand fluctuations as consumer preferences shift towards sustainable seafood options.
- Environmental factors affecting marine populations and availability.
