The forecast for shrimp and prawn production in Germany's capture fisheries indicates a consistent decline in output. The production level in 2023 was not directly provided, but seeing the decreasing trend, it is likely higher than the forecasted 6.79 thousand metric tons for 2024. Year-on-year production is expected to diminish with the following rates: from 2024 to 2025, a reduction of 5.75%, 2025 to 2026 by 5.94%, 2026 to 2027 by 6.31%, and from 2027 to 2028 by 6.74%. Over the five-year forecast period, the compound annual growth rate (CAGR) is a decline of approximately 6.45%.
Future trends to watch for:
- Environmental and regulatory impacts on fisheries that could further decrease production.
- Technological advancements potentially offsetting some declines through improved efficiency.
- Shifts in consumer demand influenced by sustainability concerns favoring aquaculture over capture fisheries.
- Potential impacts of geopolitical factors on international fishery markets and trade dynamics.