In 2023, the production cost of whole fresh herrings, sardines, and anchovies for industrial processing in France was recorded at an average of €982.34 per metric ton. Moving into the forecast period starting in 2024, there is a noticeable plateau in the cost variations, as projected figures show minimal increases from €983.69 in 2024 to €988.9 in 2028. The annual growth rate is marginal, with year-on-year variations suggesting stability in pricing. The compound annual growth rate (CAGR) over five years is modest, indicating a stagnant trend in production costs.
Future trends to watch:
- Potential impacts of environmental regulations on capture fisheries, which could alter production costs.
- Research into sustainable fishing practices, potentially leading to technological innovations and efficiency improvements.
- Market demand fluctuations influenced by global economic conditions and consumer dietary shifts towards seafood.
