Based on the provided data:
- 2024: 2.67 Thousand Euros Per Metric Ton
- 2025: 2.74 Thousand Euros Per Metric Ton
- 2026: 2.81 Thousand Euros Per Metric Ton
- 2027: 2.88 Thousand Euros Per Metric Ton
- 2028: 2.94 Thousand Euros Per Metric Ton
Year-on-Year Variation in Percentage
- 2025 vs. 2024: ((2.74 - 2.67) / 2.67) * 100% ≈ 2.62%
- 2026 vs. 2025: ((2.81 - 2.74) / 2.74) * 100% ≈ 2.55%
- 2027 vs. 2026: ((2.88 - 2.81) / 2.81) * 100% ≈ 2.49%
- 2028 vs. 2027: ((2.94 - 2.88) / 2.88) * 100% ≈ 2.08%
Last 5-Year CAGR
Using the data from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is calculated as:
CAGR = ((2.94 / 2.67)^(1/4) - 1) * 100% ≈ 2.45%
Future Trends to Watch:
Continued moderate growth in the value per Metric Ton suggests consistent demand. Future market trends to watch include sustainability practices, regulatory changes in fisheries, and potential shifts in consumer preferences towards alternative sources of seafood.
