The total pink spiny lobster production in capture fisheries for human consumption in France is on a steady upward trajectory from 143.17 thousand euros in 2024, projected to reach 153.97 thousand euros by 2028. This represents a compound annual growth rate (CAGR) of approximately 1.46%. Year-on-year, we observe a consistent increase, with 1.91% in 2024, 1.86% in 2025, 1.81% in 2026, leading to similar growth rates in subsequent years.
Notably, in 2023, the production value stood at a lower baseline, indicating a significant lift in production volume and value due to factors such as improved capture techniques or increased market demand.
Future trends to watch include:
- Potential regulatory changes affecting fishing quotas or sustainability mandates.
- Market demand shifts which may impact production strategies.
- Technological advancements in capture fisheries that enhance efficiency or yield.