In 2023, the production of fresh cods, hakes, and haddocks in capture fisheries for industrial processing in Germany stood at €15.00 per metric ton. From 2024 onward, a strong upward trend is forecasted, with expected increases to €19.97, €24.78, €29.51, €34.17, and €38.75 by 2028. This reflects steady growth with a notable compound annual growth rate (CAGR) over the five-year period. Annually, there will be substantial percentage increases, showcasing strong market growth and demand surges.
Future trends to watch for include:
- Environmental impact assessments and sustainability of fishing practices.
- Technological advancements in fishing techniques and processing.
- Policy changes in fishing quotas and trade regulations.
- Market demand fluctuations driven by consumer preferences and global economic factors.
- Collaborations or conflicts within the EU regarding fishery management and standards.