The Seafood Market in Germany exhibited fluctuations from 2012 to 2022, starting at 4.8462 billion Euros in 2012 and closing at 4.4988 billion Euros in 2022. Over these years, the market bore mixed growth patterns with both positive and negative year-on-year variations. The highest growth was seen in 2016 with a 7.01% increase, while 2019 saw the largest decline at -14.22%. The Compound Annual Growth Rate (CAGR) over the last five years has shown a negative trend, indicating a shrinking market, averaging a decrease of 2.37% per year.
Recent years have revealed a noticeable downward trend with minor recoveries, suggesting market volatility. The year 2023 currently stands as a new baseline for market size evaluation, waiting for forecasting data to map its trajectory.
Future trends to watch for:
- Increased consumer focus on sustainable seafood sources.
- Potential impacts of climatic changes on seafood availability.
- Fluctuating pricing based on global demand and supply chain dynamics.
- Innovations in aquaculture technology boosting local production.
How does Germany rank in Seafood Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 8,625,000,000 | 2023 | +0.43% | +1.35% | View data |
| 2 | 2 France | 5,603,800,000 | 2023 | -0.7% | -2.49% | View data |
| 3 | 3 Italy | 5,246,900,000 | 2023 | -0.44% | +2.33% | View data |
| 4 | 4 United Kingdom | 5,237,500,000 | 2023 | +0.09% | -1.24% | View data |
| 5 | 5 Germany | 4,720,100,000 | 2023 | +1.3% | -1.97% | |
| 6 | 6 Poland | 3,745,900,000 | 2023 | +2.82% | +2.91% | View data |
| 7 | 7 Portugal | 2,982,800,000 | 2023 | +2.06% | +1.92% | View data |
