In 2023, Germany's import of frozen shrimps and prawns stood at an actual level of 38.690 million kilograms. Forecast data from 2024 to 2028 suggests a growing trend in imports, starting from 39.221 million kilograms in 2024 and rising steadily to 41.364 million kilograms by 2028. The year-on-year growth indicates gradual increases, reflecting a modest trend with annual growth rates hovering around 1.34% from 2024 to 2028. The five-year compound annual growth rate (CAGR) reveals a consistent upward trajectory, averaging growth of around 1.34% per year over this forecast period.
Future trends to watch for include:
- Potential changes in consumer preferences towards domestic or alternative seafood, affecting import volumes.
- Environmental and sustainability considerations impacting sourcing policies and import regulations.
- Trade policy shifts that might influence competitive pricing and import costs.
- Technological advances in transportation affecting the preservation and pricing of seafood imports.
