In 2023, the production of gutted fresh black cardinal fish in capture fisheries in France stood at 1.45 thousand euros per metric ton. Forecasted data from 2024 to 2028 shows minimal growth, with values maintaining at 1.45 thousand euros per metric ton from 2024 through 2026, and a slight increase to 1.46 thousand euros per metric ton in 2027 and 2028. This indicates a very stable market.
Year-on-year variation shows virtually no change, as the growth rate is close to zero over the forecasted period. The Compound Annual Growth Rate (CAGR) over these years is negligible, reflecting a plateau in production value.
Future trends to watch for:
- Monitoring environmental policies that could impact marine biodiversity and fishing regulations, potentially affecting production volume and value.
- Technological advancements in fisheries that may enhance production efficiency and cost-effectiveness.
- Changes in consumer demand or export markets for black cardinal fish affecting pricing dynamics.