Key Market Indicators
German seafood exports are projected to decline substantially over the next five years, dropping to approximately $1.2 billion by 2028 from the current $1.5 billion in 2023. This represents a year-on-year compound annual growth rate (CAGR) decrease of 3.8%. Since the turn of the millennium, Germany's seafood supply has seen an annual decline of 4.6%. In 2023, Germany ranked as the 11th largest seafood exporter globally. South Korea surpassed Germany with exports also valued at $1.5 billion. Meanwhile, India, Canada, and Denmark secured the second, third, and fourth positions, respectively. On the import front, Germany's seafood imports are also expected to fall, reaching around $3.9 billion by 2028 from $4.1 billion in 2023. This marks a year-on-year average decline of 0.8%. Since 2000, the demand for seafood in Germany has decreased by 1.1% annually. In 2023, Germany was the fourth-largest importer of seafood, trailing behind Sweden, which had imports equal to Germany's $4.1 billion. France and Sweden occupied the second and third spots, with Germany following closely in the rankings.
