Forecast: Total Gadiformes Production in Capture Fisheries for Human Consumption in France

In 2023, the total Gadiformes production in capture fisheries for human consumption in France was recorded at 54.2 thousand Euros. From 2024 onwards, there is a forecasted annual decline, reflected by the values of 53.61 thousand Euros in 2024 and further descending to 51.3 thousand Euros by 2028.

The year-on-year percentage change indicates a continuous decrease: 2024 is expected to decrease by approximately 1.09% compared to 2023, while each subsequent year records an annual decline of approximately 1.11%. Over the forecasted period from 2024 to 2028, the compound annual growth rate (CAGR) represents an average yearly decrease of approximately 0.96%.

Future trends to watch for:

  • Assessments of environmental and climate change impacts on Gadiformes habitats, potentially affecting future production rates.
  • Economic policies influencing the fishing industry, including subsidies and sustainability incentives, contributing to the fluctuation in production.
  • Shifts in consumer demand for seafood in France, which may drive changes in market dynamics and capture methodologies.

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