The import of frozen whole cod to France is projected to steadily increase from 2024 to 2028, starting at $36.389 million in 2024 and reaching $40.414 million by 2028. This indicates a consistent annual growth trend. In the preceding actual year, 2023, the import value stood at $35.481 million. Year-on-year variations show a gradual increase, typical of stable market growth, with an annual incremental escalation around 2.8% to 2.9%. The five-year compound annual growth rate (CAGR) from 2024 to 2028 reflects a steady upward trajectory, indicative of a positive long-term trend in the market.
Future trends to monitor include:
- Potential shifts in consumer demand towards sustainable seafood options.
- Geopolitical factors affecting international trade agreements and tariffs impacting import volumes.
- Innovations in logistics and supply chain efficiencies affecting supply.