From 2013 to 2023, fresh seafood production in capture fisheries in Spain has shown fluctuations in value per metric ton, standing at 3.05 thousand euros in 2023. The year-on-year variation for 2023 was -4.94%, indicating a slight decline from the previous year. The compound annual growth rate (CAGR) over the last five years was 1.63%, suggesting modest growth.
Looking forward, forecasted values from 2024 to 2028 show a slight upward trend, with a CAGR of 1.47% and an overall growth rate of 7.56% over these five years. This indicates a steady improvement in production value.
Future trends to watch for:
- Impact of sustainability practices and regulations on capture fisheries.
- Influence of climate change on seafood production.
- Technological advancements in fishing practices.
- Shifts in global seafood demand and market dynamics.
