In 2023, the production of whole fresh deep-water catsharks in France was registered at a value that preceded the data forecasted from 2024 onwards. Based on the forecasted values, there is a consistent year-on-year increase from 2024 to 2028. The ratio of increase each year is around 3% which highlights a steady upward trend over this period. Looking at the compounded annual growth rate (CAGR) for these five years from 2024 to 2028, the forecast shows a robust and sustained average annual growth in the value of production. The figures suggest a growth environment driven by demand stability or potential market expansion.
Future trends to watch include:
- The impact of environmental regulations on deep-water capture fisheries.
- Technological advancements in sustainable fishing practices.
- Potential shifts in consumer preferences affecting seafood demand.
- Market dynamics affecting the pricing and competitiveness of catshark products.
