The forecast for frozen cods, hakes, and haddocks production in German capture fisheries from 2024 to 2028 shows a consistent upward trend. Starting at 6.15 thousand euros per metric ton in 2024, this value is projected to increase steadily, reaching 7.05 thousand euros per metric ton by 2028. Comparatively, in 2023, the value was standing slightly lower as these projections indicate an annual growth, suggesting a positive economic outlook for the sector.
Year-on-year growth for the forecast period from 2024 to 2028 reveals a stable increase, reflecting a relatively low-risk investment opportunity in this segment. The Compound Annual Growth Rate (CAGR) over the five-year period is indicative of modest but sustainable growth for the industry.
Future trends to watch include:
- Impact of climate change on fisheries and supply chain dynamics.
- Changes in consumer demand for frozen seafood products.
- Potential shifts in international trade policies affecting exports.
- Technological advancements in fishing and production processes.
