As of 2023, the production value for fresh red porgy in capture fisheries in France stood at a baseline value which we assume is consistent with projections. From 2024 to 2028, forecasted data shows a steady increase in value, starting at 17.99 thousand Euros per metric ton and reaching 20.96 by 2028. These represent year-on-year increases of around 4-5%, highlighting a positive growth trend. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is projected to be robust, reflecting consistent growth.
Future trends to watch for include:
- Potential impacts of regulatory changes in EU fisheries policies that could affect capture fisheries output.
- Environmental factors and climate change that may influence fish populations and catch stability.
- Market demand shifts in seafood consumption that could drive economic value adjustments.
