In 2023, the fresh haddock production in capture fisheries for industrial processing in Germany was below the forecasted levels. Starting in 2024, the industry expects an upward trend with steady annual growth rates. Specifically, the values for 2024 to 2028 forecast incremental increases, reflecting a positive year-on-year trend of around 3% to 4% annually.
The compounded annual growth rate (CAGR) over the five-year forecast period from 2024 to 2028 is expected to be approximately 2.6%, indicating sustained growth in production value over the medium term.
Future trends to watch for include potential impacts of environmental regulations on fish stocks, technological advancements in capture methods, and shifts in consumer preferences for sustainable sourcing, all of which could influence production levels and industry profitability.
