In 2023, the production of whole fresh monkfish in capture fisheries in France stood at a certain value, setting the baseline for subsequent forecasts. From 2024 onwards, the production value is forecasted to increase steadily from 8.5585 million euros in 2024 to 9.9408 million euros by 2028. Year-on-year, this reflects a consistent growth rate in the production value, indicating a positive trend over the forecasted period. The compound annual growth rate (CAGR) is a crucial measure, showcasing the average annual growth over five years.
Future trends to watch for include:
- Potential changes in fishing regulations and their impact on production.
- Market demand fluctuations for monkfish in the seafood industry.
- Technological advancements in fishing practices enhancing yield.
