The forecast for the production of gutted fresh European hake in French capture fisheries reveals a steady but slight year-on-year increase in value from 2024 to 2028, starting at 3.45 in 2024 and reaching 3.49 by 2028, in thousand euros per metric ton. The year-on-year growth rate remains marginal, illustrating a stable market environment. The Compound Annual Growth Rate (CAGR) for this period is minimal, indicating consistent but minor growth over the years. In 2023, the value had fluctuated minimally, implying a strong baseline going into the forecast period.
Future trends to watch for include:
- The impact of sustainable fishing policies in the EU, which may influence supply.
- Potential shifts in consumer demand for European hake, driven by changing dietary preferences or economic conditions.
- Technological advancements in capture and processing techniques could impact production efficiency and cost.