The seafood market in France experienced variable trends between 2012 and 2023, exhibiting both growth and decline periods. From 2012 to 2022, the market demonstrated fluctuating patterns, starting with a volume of 736.81 million kilograms in 2012, peaking in 2014 at 771.32 million kilograms, and subsequently declining to 649.58 million kilograms by 2022. The Compound Annual Growth Rate (CAGR) over the past five years stands at 0.73%, indicating slight average annual growth. Notably, the market faced significant drops in 2017 and 2018, with year-on-year variations of -11.77% and -5.02%, respectively. The period between 2019 and 2022 showed modest recovery with volumes stabilizing around 650 million kilograms.
Watching future trends, consumer preferences for sustainable and local seafood products, innovations in aquaculture, and the impact of regulatory changes on fishing quotas are crucial. Technological advancements in processing and distribution may also play a pivotal role in shaping the market dynamics moving forward.
How does France rank in Seafood Market Size Volume?
| # | 15 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,039,200,000 | 2023 | -1.62% | +1.65% | View data |
| 2 | 2 Denmark | 695,410,000 | 2023 | -0.31% | -0.19% | View data |
| 3 | 3 Italy | 659,090,000 | 2023 | +0.46% | -1.71% | View data |
| 4 | 4 France | 601,260,000 | 2023 | -1.93% | +0.22% | |
| 5 | 5 United Kingdom | 535,230,000 | 2023 | -1.1% | -0.87% | View data |
| 6 | 6 Germany | 513,850,000 | 2023 | -4.65% | -4.42% | View data |
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