In 2023, fresh sardine production in capture fisheries in France was valued at 870 Euros per metric ton. The forecast for 2024 to 2028 shows a steady year-on-year increase in value. Specifically, the projections from 2024 to 2028 are 878.79, 888.72, 898.35, and 916.74 Euros per metric ton, respectively. The annual growth rate reveals an incremental rise in value, with a compound annual growth rate (CAGR) of approximately 1.03% over the next five years.
Future trends to watch for include potential shifts in consumer demand, environmental changes affecting sardine populations, and economic factors like inflation or changes in fishing regulations. These elements could influence production costs and market value, necessitating adaptive strategies in the fishing industry.
