The production values of fresh cods, hakes, and haddocks in French capture fisheries are forecasted to exhibit a declining trend from 2024 to 2028. In 2023, the figure stood at 89.4 million euros. Year-on-year variations from 2024 onwards show a consistent reduction, with drops of approximately 3.5% in 2025, 3.6% in 2026, 3.7% in 2027, and 3.8% in 2028. Over the forecast period, the compound annual growth rate (CAGR) is expected to reflect an average annual decrease, underscoring the industry's challenging market conditions.
Future trends to watch for:
- Impact of regulatory changes on quotas and sustainability efforts.
- Fluctuations in consumer demand for seafood influenced by health trends and economic conditions.
- Technological advancements in fishing practices and sustainability measures.