The forecast for whole fresh sandeels and sandlances production in capture fisheries in Germany shows a steady decline from 2024 to 2028. In 2023, the industry was operating at a baseline level, which now serves as a point of reference for the projected future values starting from 231.76 thousand euros in 2024, decreasing annually to 168.41 thousand euros in 2028. This represents a compounded annual growth rate (CAGR) across this period.
The year-on-year decline starting from 2024 reflects a decreasing trend in value, indicating possible challenges in fish availability, market demand, or regulatory pressures impacting this segment.
Future trends to watch for include:
- Environmental regulations impacting capture fisheries.
- Changing market demands and preferences for alternative fish or seafood products.
- Economic factors influencing the cost and feasibility of capture fisheries.
- Technological advancements that could enhance fish harvesting efficiency.