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.