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.