As of 2023, the total European hake production in capture fisheries in Germany was valued at approximately 29.61 thousand Euros. From 2024 onwards, forecasts indicate a progressive rise, reaching 33.53 thousand Euros by 2028. Year-on-year growth rates reveal a consistent upward trend, averaging around 1.8% annually. The compound annual growth rate (CAGR) over the five-year forecast period is estimated to be approximately 2.5%.
Future trends to watch for include:
- Potential impacts of sustainable fishing practices and regulations.
- Economic factors influencing demand and pricing.
- Technological advancements in fishing and processing.
