The forecast for whole fresh European hake production in capture fisheries for human consumption in France from 2024 to 2028 indicates a stable yet modest upward trend. The production is forecasted to grow from 1.41 thousand metric tons in 2024 to 1.44 thousand metric tons by 2028. This represents a gradual year-on-year growth rate of approximately 0.7% annually.
Key observations:
- The steady increase in production reflects a marginal but consistent growth trajectory over the five-year forecast period.
- 2023 data established the baseline for these forecasts with production standing close to 1.4 thousand metric tons.
- The compound annual growth rate (CAGR) for the period 2024-2028 will remain at around 0.5%.
Future trends to watch:
- Potential impacts of climate change and regulatory changes on fish stocks and fishing policies, which may alter production volumes.
- Shifts in consumer preferences towards sustainable and locally-sourced seafood products.
- Technological advancements in capture fisheries that could enhance hake production efficiency.
