The forecast for whole frozen Northern prawn production in capture fisheries for human consumption in Germany shows a steady increase from 2024 to 2028. The values in 2024 start at 3.14 thousand Euros per metric ton, rising consistently to 3.27 thousand Euros per metric ton by 2028. This displays a consistent year-on-year percentage increase around 0.95% to 1.2%, reflecting a stable growth trend. The compound annual growth rate (CAGR) calculated for this period suggests a modest annual increase, indicating gradual improvement in the market value for this commodity.
Future trends to watch for include:
- Potential impacts of climate change on prawn availability in northern waters.
- Shifts in consumer demand for seafood due to changing dietary preferences.
- Regulatory changes regarding capture fisheries that may affect production levels.
- Technological advancements in fishing and freezing methods that may influence production efficiency and cost.