The data for Germany's gutted fresh seafood production in capture fisheries reflects a declining trend over the forecast period from 2024 to 2028, with values descending from 4.6627 million euros in 2024 to 3.1151 million euros in 2028. Over this period, the production shows a year-on-year decrease, notably dropping by approximately 8.4% by 2025, 9.1% by 2026, 9.9% by 2027, and another 10.9% by 2028. The compound annual growth rate (CAGR) over these five years further indicates an approximate annual decline of 9.5%, suggesting significant challenges in maintaining this economic activity compared to its standing in 2023.
Future trends to watch for:
- Potential shifts in consumer demand towards more sustainable seafood sources or alternative proteins.
- Regulatory impacts on fisheries and fisheries management aimed at conservation.
- Technological advancements in seafood production that could alter cost structures and market dynamics.
- Global economic factors that could influence seafood prices and consumption patterns in Germany.