In 2023, whole fresh bluestripe snapper production in capture fisheries in France stood at an actual value of 40.5 thousand Euros. From 2024 to 2028, the forecasted values show a consistent upward trend, with annual increases as follows: 2024 at 44.55 thousand Euros, 2025 at 49.54 thousand Euros, 2026 at 54.49 thousand Euros, 2027 at 59.38 thousand Euros, and 2028 at 64.22 thousand Euros. This steady growth suggests a positive market trajectory for this fishery sector.
Year-on-year growth from 2023 onwards is promising, given the increase from 40.5 to 44.55 thousand Euros in just the first forecasted year, marking a growth rate of approximately 10% from 2023 to 2024. Over the five consecutive years through 2028, the compounded annual growth rate (CAGR) is approximately 10.5%, highlighting robust and sustained demand or production improvements.
Future trends to watch for include:
- Changes in marine environment policies affecting capture fisheries.
- Shifts in consumer preferences towards sustainably sourced seafood.
- Technological advancements in fishing techniques and supply chain management.
- Fluctuations in market prices and potential impacts of climate change on species availability.
