The forecast for the re-import of meals, flour, and pellets of seafood for animal feed to France indicates a decreasing trend between 2024 and 2028. Starting at 69.17 thousand kilograms in 2024, it is expected to continuously decline to 53.95 thousand kilograms by 2028. This marks a significant decrease from prior levels. To provide context on recent trends, in 2023, the actual figure stood at 73.5 thousand kilograms. The year-on-year variations reveal consistent reductions, highlighting a trend of diminishing demand or supply availability. The compound annual growth rate (CAGR) over these five years would reflect this reduction as negative.
Future trends to watch for include the impact of sustainability practices in seafood production and animal feed industry advancements that could further affect the demand for seafood-based meal re-imports. Additionally, shifts in domestic production and regulatory changes in France or EU may play a crucial role in shaping upcoming demand levels. Monitoring these factors will be crucial for stakeholders in this market segment.
