The forecasted production of Whole Fresh Undulate Ray in the UK capture fisheries shows a consistent upward trend from 2024 to 2028, indicating a positive growth trajectory. In 2023, the production value stood as the baseline for these projections. The year-on-year growth rates from 2024 to 2028 are forecasted to range between 3.7% and 4.2%. Over the five-year period, the compound annual growth rate (CAGR) is projected to be approximately 4.6%, suggesting sustained growth in the sector.
Future trends to watch for include:
- Changes in UK fishing policies post-Brexit, which could affect quotas and market access.
- Environmental changes impacting fish stocks and habitat quality.
- Market demand fluctuations driven by consumer preferences or trade agreements.