Forecast: Pelagic Fish Demand in Spain

The demand for pelagic fish in Spain has shown a steady upward trend from 2024 to 2028 with values growing from 713.4 thousand metric tons in 2024 to 768.32 thousand metric tons by 2028. The year-on-year percentage variation indicates a consistent increase, averaging around 2% each year. Over the last two years before 2024, the growth was in line with this trend, suggesting stable and continuous growth. The five-year Compound Annual Growth Rate (CAGR) from 2024 to 2028 confirms this steady increase at approximately 2% per year.

Future trends to watch for include potential shifts in consumer preferences towards sustainable and locally-sourced fish, regulatory changes impacting fishing quotas, and the effects of climate change on pelagic fish stocks. Monitoring these factors will be crucial for accurately forecasting future demands.

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