The German capture fisheries for shrimps and prawns show a projected gradual increase in production value from 2024 to 2028, starting at 5.09 thousand euros per metric ton in 2024 and reaching 5.48 thousand euros in 2028. This reflects a consistent year-on-year growth rate of approximately 1.96%. Comparatively, in 2023, this value stood slightly below 5.09, indicating a modest but steady increase.
The compound annual growth rate (CAGR) for the five-year forecast period from 2024 to 2028 demonstrates a positive trend, emphasizing incremental improvements in both market dynamics and fishery yields.
Future trends to watch for include:
- Sustainable fishing practices and their impact on supply and costs.
- Shifts in consumer demand toward environmentally friendly sources.
- Potential regulatory changes affecting operational efficiencies in capture fisheries.