In 2023, Germany's production of frozen Atlantic cod in capture fisheries stood at 28.5 million Euros. The forecast indicates a steady increasing trend from 2024 through 2028, with values rising from 30.068 million Euros in 2024 to 35.799 million Euros in 2028. This represents a year-on-year increase of approximately 4.8% by 2025, 4.6% by 2026, 4.3% by 2027, and 4.1% by 2028. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is about 4.5%.
Future trends to watch for:
- Impact of sustainable fishing practices on production volumes.
- Market demand fluctuations influenced by consumer preferences and global economic conditions.
- Potential technological advancements improving capture efficiency and quality.
- Regulatory changes within the European Union affecting fishing quotas and trade policies.