In 2023, the fresh witch flounder production in capture fisheries for human consumption stood at a substantial value. However, the forecasted data from 2024 to 2028 indicates a declining trend in value expressed in Thousand Euros Per Metric Ton. The value is expected to decrease year-on-year, with a notable drop of around 5.8% in 2025 and a continued decline of approximately 6.5% in 2026. This trend continues with a year-on-year decrease of about 6.7% in 2027 and 7.1% in 2028. The compound annual growth rate (CAGR) over the forecasted period reflects a negative trend, indicating an average annual decrease in value.
Future trends to watch for include the impact of regulatory changes on fishery practices, shifts in consumer demand due to sustainability concerns, and potential advancements in aquaculture technology that might influence supply and value. It is crucial for stakeholders to adapt to these changes to maintain economic viability and market presence.
