The import value of smoked Pacific, Atlantic, and Danube salmon to Germany is projected to decrease significantly from 2024 to 2028. In 2023, the import stood at a higher level, declining to $329.81 million by 2024 with a continuous downward trend in subsequent years. By 2025, a reduction to $276.85 million is expected, followed by further decreases in 2026 ($224.42 million), 2027 ($172.51 million), and finally 2028 ($121.12 million). This forecast reveals a significant year-on-year contraction with a five-year compound annual growth rate (CAGR) that signifies an average annual decline.
Future trends to watch for:
- Changes in consumer preferences or dietary trends impacting demand for smoked salmon.
- Potential impact of trade policies, tariffs, or restrictions affecting import volumes and values.
- Innovations in sustainable aquaculture that might impact supply and prices.