The forecast for UK capture fisheries' fresh shagreen ray production for 2024 to 2028 shows a gradual decline in value from 1.77 to 1.65 thousand euros per metric ton. As we reached 2024, the indicators from the past revealed a modest downturn, with a consistent year-over-year decrease of approximately 1.69%. The five-year compound annual growth rate (CAGR) further underscores a consistent declining trend. In 2023, actual values were slightly more than those forecast for 2024, emphasizing the downturn observed.
Future trends to watch include the impact of regulatory changes and environmental shifts affecting shagreen ray stocks, the influence of Brexit on fisheries agreements, and technological advancements in capture methods that could potentially affect supply and pricing dynamics in the upcoming years.
