Forecast: Production of Fishing and Aquaculture in Spain

The production of fishing and aquaculture in Spain showed fluctuations over the past decade. Starting at 2.7 Billion Euros in 2013, it experienced varying year-on-year changes, with notable dips in 2020 at 2.33 Billion Euros due to sectoral challenges, and a bounce back to 2.83 Billion Euros in 2023. The Compound Annual Growth Rate (CAGR) over the last 5 years stands at 0.5%, indicating slight growth. Forecasts from 2024 to 2028 predict stable production levels, growing marginally to reach 2.85 Billion Euros in 2028 with a forecasted 5-year CAGR of 0.19%.

Future trends to watch for include:

  • Technological advancements in aquaculture to enhance productivity.
  • Impact of sustainable fishing practices on production volumes.
  • Changes in regulatory policies affecting the fishing and aquaculture sector.
  • Market demand shifts influenced by consumer preference for seafood and aquaculture products.

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