In 2023, the production value of Silversides and Sand Smelts in France was €540,000. Looking at the forecasted data from 2024 to 2028, there is a clear upward trend in the production values, starting from €628,200 in 2024 and reaching €980,420 by 2028. This indicates a steady increase in production value, with the year-on-year growth rates showing consistent positive percentages. From 2024 to 2025, there is a notable increase of 14.22%, followed by 12.33% from 2025 to 2026, 10.85% from 2026 to 2027, and 9.69% from 2027 to 2028. Overall, the compound annual growth rate (CAGR) over these years is approximately 11.5%.
Key future trends to watch for include changes in consumer demand for Silversides and Sand Smelts and potential impacts of regulatory changes on capture fisheries. Additionally, advancements in sustainable fishing practices and environmental factors could influence production and market dynamics.
