In 2023, the production of fresh European hake for human consumption in Germany stood at 30.24 thousand euros. Forecast data indicates a steady growth from 2024 to 2028, with values increasing as follows: 31.06 in 2024, 31.92 in 2025, 32.77 in 2026, 33.61 in 2027, and 34.44 in 2028. The year-on-year growth percentages are: 2.71% from 2023 to 2024, 2.77% from 2024 to 2025, 2.66% from 2025 to 2026, 2.55% from 2026 to 2027, and 2.47% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period is approximately 2.63%.
Future trends to watch for include:
- Potential changes in EU fishing regulations that might impact supply.
- Shifts in consumer preferences towards sustainable seafood.
- Evolving economic conditions that may affect purchasing power and demand.
