In 2023, the value for whole fresh spotted ray production in capture fisheries in the UK was unknown. From 2024 onwards, forecasts show a consistent decline in the value, starting at 778.09 Euros per metric ton and dropping yearly to 546.81 Euros by 2028. This represents a gradual decrease in annual values.
The year-on-year value variation is negative throughout: 2025 sees a decrease of 7.66%, 2026 shows a drop of 8.13%, 2027 presents a reduction of 8.68%, and 2028 continues with a 9.30% decline. The Compound Annual Growth Rate (CAGR) over the forecasted period is negative, indicating a consistent downward trend.
Future trends to watch for:
- Potential regulatory changes impacting capture fisheries.
- Environmental factors affecting the spotted ray population.
- Market demand fluctuations that could impact future pricing.
- Technological advancements in fishing practices and their economic effects.
