In 2023, the actual total Atlantic Cod production in capture fisheries in Germany was 21.25 million Euros. Forecast data for 2024 indicates a slight upward trend with a value of 21.609 million Euros, marking a year-on-year increase of approximately 1.7%. By 2025, the production value is expected to rise to 21.969 million Euros, followed by an increase to 22.325 million Euros in 2026, 22.678 million Euros in 2027, and finally reaching 23.028 million Euros in 2028. The compound annual growth rate (CAGR) over the forecast period from 2024 to 2028 is approximately 1.6%. This demonstrates a steady but moderate growth trajectory for Atlantic Cod production.
Future trends to watch for include:
- Potential impacts of climate change on cod populations and fishing yields.
- Regulatory changes within the European Union that might affect capture quotas.
- Advancements in sustainable fishing technologies and practices.
- Fluctuations in consumer demand for seafood products in Germany and across Europe.