In 2023, the Alive Fresh Northern Quahog value in France stood at 1.64 Thousand Euros Per Metric Ton. The forecast for 2024 anticipates an increase to 1.67, marking a year-on-year growth of approximately 1.83%. This trend of moderate growth continues through 2028 with incremental increases each year, showing annual growth rates around 1.75% to 1.76%. The compound annual growth rate (CAGR) from 2024 to 2028 is consistent with the individual yearly increments, reinforcing a stable upward trend in value.
Future trends to watch for include:
- Potential impacts of climate change on quahog availability and quality.
- Market demand fluctuations driven by consumer preferences and seafood industry developments.
- Regulatory changes affecting capture fisheries and import-export dynamics within the EU.