Fisheries exports in Germany experienced fluctuations from 2013 to 2023, peaking at $2.97 billion in 2016 and dropping to a low of $2.41 billion in 2020. The year-on-year variation highlights significant ups and downs, with a notable decline from 2017 to 2020. However, a modest recovery begins in 2021, with positive annual growth rates leading up to 2023 where the value stands at $2.56 billion. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 is -1.13%, indicating overall stagnation and a slight decline.
Forecasts from 2024 to 2028 suggest a gradual increase in fisheries exports, reaching $2.8 billion by 2028. The forecasted 5-year CAGR of 1.43% implies a positive, though slow, growth trajectory with an overall growth rate of 7.37% over the five-year period.
Future trends to watch for:
- Increasing global demand for sustainable seafood.
- Impact of new trade agreements or tariffs on export dynamics.
- Technological advancements in aquaculture and fisheries management.
- Effects of climate change on marine biodiversity and fishing yields.
- Policy shifts towards sustainable fishing practices and their economic impacts.
