In 2023, the production value of Tails Fresh European Hake in French capture fisheries was €2.67 thousand per metric ton. The forecast data from 2024 to 2028 indicates a gradual decline in value, decreasing from €2.66 thousand per metric ton in 2024 to €2.6 thousand per metric ton in 2028. The year-on-year percentage variation shows a consistent decrease, approximately ranging around a 0.7% to 0.4% drop annually. Over this five-year period, the compound annual growth rate (CAGR) reflects an average decline of about 0.5% per year.
Future trends to watch for:
- Demand shifts towards sustainable fishing practices could impact pricing and production methods.
- Regulatory changes in the European Union may influence capture quotas and market dynamics.
- Technological advancements in fishing may alter cost structures and improve yield efficiency.
