In 2023, the fresh picarel production in France's capture fisheries stood as a baseline reference. By analyzing the forecast data from 2024 to 2028, a clear declining trend is noticeable. The value, expressed in thousand Euros, shows a significant decrease over the years, with each year lower than the previous. Specifically, the year-on-year percentage change reveals a continuous reduction: from 2024 to 2025, the value decreases by approximately 12.71%; from 2025 to 2026, there is a 14.44% decline; followed by a 16.72% drop in 2027, and a 19.88% reduction by 2028. The overall compound annual growth rate (CAGR) over this forecast period indicates a negative trend, emphasizing a considerable long-term decline.
Future trends to watch for include:
- Impact of environmental and regulatory changes on capture fisheries.
- Market responses and adaptations to declining production.
- Possible shifts towards sustainable and alternative fishing methods.
- Effects of global warming and ocean conditions on fish populations.
