In 2023, the production cost of whole frozen European hake in capture fisheries in Germany stood at 445.00 Euros per metric ton. From 2024 to 2028, forecasts suggest a consistent decline from 442.88 to 436.31 Euros per metric ton. The year-on-year variation reveals a marginal annual decrease. Specifically, from 2024 to 2025, the price decreases by approximately 0.49%, followed by another decrease in future years slightly below 0.5% annually. Cumulatively, there's a perceived downward trend in production costs with an estimated CAGR of -0.5% over five years.
Future trends to watch for:
- Impact of fuel prices on capture fisheries production costs.
- Increasing demand for sustainable fishing practices and their effect on costs.
- Technological advancements in fishing impacting efficiency and ultimately cost savings.
