The forecasted values for fresh European hake production in capture fisheries for human consumption in France indicate a consistent decline from 2024 to 2028. The production value is expected to decrease annually by percentages of 2.2% from 2024 to 2025, 2.2% from 2025 to 2026, 2.3% from 2026 to 2027, and 2.3% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period is projected to be approximately -2.3%.
In 2023, the production stood at 40.25 million euros. The current trend suggests a gradual decline, pointing towards reduced catch volumes, potential changes in market demand, or regulatory impacts affecting the sector.
Future trends to watch for include:
- Regulatory changes impacting fishing quotas and conservation efforts in European waters.
- Technological advancements in sustainable fishing practices.
- Shifts in consumer preferences towards sustainable and local seafood options.