In 2023, Germany's production of whole frozen Northern prawn in capture fisheries stood at approximately 367 metric tons. The forecasts from 2024 to 2028 show a steady increase in production: 390.37 MT, 414.23 MT, 437.62 MT, 460.56 MT, and 483.04 MT respectively. Year-over-year growth rates are 6.29% from 2024 to 2025, 5.64% from 2025 to 2026, 5.24% from 2026 to 2027, and 4.89% from 2027 to 2028. The compound annual growth rate (CAGR) over this forecast period is approximately 5.47%.
Future trends to monitor include:
- Environmental regulations impacting fishing quotas and sustainability practices.
- Technological advancements in capture and freezing processes.
- Changes in market demand, both locally and internationally, driven by consumer preferences.