In 2023, the production of frozen sharks, rays, and chimaeras in Germany stood at a significant value. Forecasted data from 2024 to 2028 indicates a steady decline in production value. The year 2024 kicks off with a marked high, followed by successive year-on-year decreases: 21.2% in 2025, 26.4% in 2026, 35.1% in 2027, and finally 53.1% in 2028. This results in a five-year compound annual growth rate (CAGR) of -32.7%, highlighting a dramatic shrinking trend.
Future trends to watch for: - Growing environmental concerns and regulations, affecting capture fisheries. - Shifts in consumer preferences could impact demand. - Technological advancements may offer cost-effective fishing alternatives, influencing production economics.
