As of 2023, the production value of Greenland Halibut for human consumption stood at 4 Thousand Euros Per Metric Ton in France. Forecasts for the years 2024 through 2028 indicate a stable and incremental growth, with the value projected to rise gradually from 4.01 to 4.05 Thousand Euros Per Metric Ton. This represents an annual increase of approximately 0.25% based on year-on-year trends over the previous two years. The Compound Annual Growth Rate (CAGR) over this five-year forecast period also aligns with this slight upward trend.
Future trends to watch for include:
- Potential impacts of climate change on fish stocks, which could affect supply levels and alter pricing dynamics.
- Consumer preferences shifting towards sustainable and ethically sourced seafood, potentially influencing market demand.
- Regulatory changes in fishing policies which might alter the production landscape in terms of quotas and permissible fishing areas.