In 2023, France's fresh spiny lobster production in capture fisheries was valued at 48.85 Thousand Euros per Metric Ton. The forecast for 2024 is a 2.15% increase, rising to 49.9. This upward trend is expected to continue with annual percentage growth values of approximately 2.14% from 2024 to 2028. Cumulative annual growth rate (CAGR) over the forecast five years is around 2.15% annually, indicating steady market uptick.
Future trends to watch for include:
- Regulatory changes affecting fisheries and sustainability practices.
- Impact of global economic factors such as exchange rates and demand fluctuations.
- Technological advancements in fishing and aquaculture practices.