Between 2013 and 2018, the seafood output in Germany experienced consistent growth, peaking in 2018 with a significant increase of 7.77%. The market faced a challenging period in 2019, marked by a sharp decline of 13.06%. Although there was a slight recovery, the output remained relatively flat from 2020 to 2023. The output stood at 506 million euros in 2023. Over the last two years, the year-on-year growth rates were 2.05% (2022) and 1.81% (2023). The five-year CAGR before 2023 was a slight negative at -0.27%. The forecast for 2024 to 2028 indicates a moderated annual growth with a predicted 5-year CAGR of 1.25%, leading to a total growth rate of 6.41% by 2028.
Future trends to watch for:
- Impact of sustainable fishing practices on production
- Technological advancements in aquaculture
- Changing consumer preferences towards seafood
- Policy changes and international trade agreements