In 2023, the total production value of cods, hakes, and haddocks in France's capture fisheries was 101.0 million Euros. The forecasted data from 2024 to 2028 indicates a steady decline with year-on-year decreases of approximately 3.5% for each subsequent year. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is forecasted at around -3.7%, highlighting a consistent downward trend in production value.
Future trends worth monitoring include:
- Potential impacts of climate change on fish populations and habitat conditions.
- Regulatory shifts and their influence on fishing quotas and sustainability practices.
- Technological advancements in fishing methods and supply chain efficiencies.
- Market demand and its potential influence on pricing and production strategies.