In 2024, Germany's production of gutted fresh herrings, sardines, and anchovies for human consumption is projected to continue increasing, with a forecasted value of 4.69 thousand euros per metric ton. In 2023, the actual value stood at slightly below this forecast, indicating a positive outlook. Forecasts suggest substantial growth in value, with estimated numbers reaching 7.6 thousand euros by 2028. This represents approximately a 10.2% year-on-year increase from 2024 to 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is expected to be around 12%.
Future trends to watch for include:
- Market dynamics and consumer preferences towards sustainably sourced seafood.
- Improvements in fishing technologies and methods enhancing production efficiencies.
- Global and European regulatory changes impacting the capture fisheries industry.
