The historical data for fresh seafood production in capture fisheries for human consumption in Spain between 2013 and 2023 shows noteworthy fluctuations. From a low of 2.33 thousand euros per metric ton in 2014, there was a notable increase to 2.97 by 2021, evidencing recovery following a dip in 2020. The highest value observed was 3.24 in 2022, followed by a slight decline to 3.09 in the current year, 2023.
Year-on-year variations show a mix of increases and declines, with significant positive shifts in 2015, 2018, 2021, and 2022. Especially, 2022 saw a 9.01% increase, followed by a 4.67% decrease in 2023. The CAGR from the past five years points to a growth of 1.74% per year on average.
Looking forward, the forecasted data from 2024 to 2028 suggests continual growth in fresh seafood production values, reaching 3.4 thousand euros per metric ton by 2028. The average annual growth rate over these five years is projected to be 1.52%, with an overall growth rate of 7.83% over the period.
Future Trends to Watch For:
- Global seafood demand influencing prices.
- Impact of climate change on capture fisheries.
- Technological advancements in sustainable fishing practices.
- Policy changes within the European Union regarding fisheries management.
