In 2023, the production value of Mediterranean Starry Ray in French capture fisheries stood at an estimated baseline. Looking forward, from 2024 to 2028, the forecast shows a consistent year-on-year growth in value, starting at 98.0 thousand euros in 2024 and increasing to 118.08 thousand euros by 2028. Yearly, this represents an average growth of about 5% in value. Over the five-year period, the compound annual growth rate stands at approximately 4.6%, indicating steady market potential and suggesting an increasing demand or improvement in production efficiencies.
Future trends to watch:
- Monitoring changes in maritime environmental policies impacting fisheries.
- Technological advancements in sustainable capture and processing methods.
- Potential shifts in market demand influenced by consumer preferences and economic conditions.