The whole fresh prawn production in Spain exhibited fluctuations over the past decade. Actual data from 2013 to 2023 shows varying annual performances, with noticeable peaks in 2018 and 2019, followed by a significant drop in 2020. By 2023, the value stood at 42.84 thousand euros per metric ton. The year-on-year variation for 2023 was relatively stable with a slight decrease of 0.32%, and the CAGR for the past five years ending in 2023 showed a minor decline of 3.47%. Forecast data from 2024 onwards predict steady growth, with a forecasted 5-year CAGR of 0.47% and an expected growth rate of 2.38% by 2028.
Future trends to watch for include:
-The impact of environmental regulations on capture fisheries.
-Market demand changes due to evolving consumer preferences.
-Technological advancements in fishing methods.
-Effects of global economic conditions on export markets.
