In 2023, the fresh edible crab production in capture fisheries in France stood at a certain level. From the forecast data provided for the years 2024 to 2028, there is a noticeable declining trend in the production value, with each subsequent year showing a reduction from the previous year's value. The year-on-year decrease indicates a consistent downward trend in the market.
Key Observations:
- 2024: A baseline forecasted value of 5.6841 million euros.
- 2025: A decline to 5.0773 million euros, showing a significant decrease compared to the previous year.
- 2026: Further drop to 4.4766 million euros, maintaining the declining trajectory.
- 2027: The value reduces to 3.8818 million euros.
- 2028: A steady decline continues, with the value reaching 3.2931 million euros.
The five-year compound annual growth rate (CAGR) reflects a shrinking industry with consistent decreases in value.
Future trends to watch include potential changes in regulations, shifts in consumer demand for sustainable seafood, and the impact of climate change on marine life, which could either further depress or potentially stabilize the market depending on mitigation strategies executed by the industry.
