The production value of cooked crustaceans in Germany has seen significant fluctuations from 2013 to 2023. There was a notable spike in 2016 and 2017, with values almost doubling. However, 2018 and 2019 experienced considerable declines. The trend reversed again with significant gains in 2020 and 2022, although 2023 saw a slight decrease.
The year-on-year variations highlight major changes in production value, with the largest spikes seen in 2016 and 2022 at over 120% and 36%, respectively. Conversely, significant drops were observed in 2018 and 2019. Notably, 2023 stood at 4.95 Thousand Euros Per Metric Ton, a 10.26% decrease from the previous year.
The Compound Annual Growth Rate (CAGR) for the past five years was 4.8%, indicating steady growth despite the volatility.
Future trends to watch for:
- Forecasts suggest a steady increase in production value over the next five years, with an expected average annual growth rate (CAGR) of 1.68%.
- By 2028, the production value is projected to reach 5.51 Thousand Euros Per Metric Ton, reflecting an overall growth rate of 8.7% from 2023.
- Potential factors influencing future trends include market demands, ecological impacts, and advancements in fishing technologies.
