The whole frozen European hake production in capture fisheries in Germany is projected to grow steadily from 2024 to 2028, with values increasing from 3.74 thousand euros in 2024 to 4.31 thousand euros by 2028. This represents an annual growth rate, exhibiting a year-on-year growth of around 3.7% to 3.8% during this period. The compound annual growth rate (CAGR) over these years will be approximately 3.6%, indicating a consistent upward trend in production value.
Future trends to watch for:
- Demand growth for sustainable and certified seafood products, which may impact production practices and costs.
- Technological advancements in fishing and processing that could enhance production efficiency and reduce environmental impact.
- Fluctuations in global seafood market conditions, including trade policies and competition from alternative fish species.