In 2023, the value of Fresh Velvet Belly production in French capture fisheries stood at a certain benchmark, and from 2024 onward, a stable trend is observed with values projected consistently at 1.52 thousand euros per metric ton. The only expected change occurs in 2028, where a marginal increase to 1.53 is forecast. This stability suggests little year-on-year variation, and the forecast for the Compound Annual Growth Rate (CAGR) over the upcoming five years reflects a generally stagnant trend, with only a slight uptick noted.
Future trends to watch for:
- Potential for innovative fishing practices or technologies that might impact sustainability and production costs.
- Market demand fluctuations due to changes in consumer preferences or regulatory shifts impacting the seafood industry.
- International market dynamics that may influence export opportunities and competitive positioning.