In 2023, the value of fresh Kuruma prawn production in capture fisheries for human consumption in France was established and provides a baseline for future forecasts. In the forecast period from 2024 to 2028, we observe a steady upward trend, with values increasing annually. In 2024, production is valued at 31.82 thousand euros per metric ton, and this is expected to incrementally rise to 36.38 by 2028.
The year-on-year growth reflects a consistent increase, indicative of stable market conditions and potential enhancements in capture fisheries. Over the five-year forecast period, the compound annual growth rate (CAGR) demonstrates a moderate rise in value per metric ton, suggesting a healthy market demand for fresh Kuruma prawns.
Future trends to watch for include:
- Technological advancements in sustainable fishing practices that could impact production volumes.
- Potential regulatory changes affecting capture fisheries which may influence market dynamics.
- Global demand shifts, particularly from key import markets, affecting price stability and profitability.