Forecast: Total European Sprat Production in Capture Fisheries for Industrial Processing in Germany

As of 2023, the total European sprat production in capture fisheries for industrial processing in Germany was recorded at 11.0 thousand metric tons, based on available data. The forecasts from 2024 to 2028 project a consistent increase in production volumes, with a compound annual growth rate (CAGR) of approximately 14.6%. Between 2023 and 2024, the production is expected to increase by 18%, illustrating a robust year-on-year growth. The forecasted production for 2028 stands at 22.93 thousand metric tons, doubling the 2023 output, indicating a healthy upward trend.

Future trends to watch for include:

  • Potential impacts of climate change on marine ecosystems, which may affect sprat population levels.
  • Policy changes in EU fisheries management, aiming at sustainable practices, could influence capture quotas.
  • Technological advancements in capture methods and processing efficiency to meet increased demand.
  • Economic and market dynamics affecting industrial demand for sprat due to changing consumer preferences.

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