The Cooked Seafood Production in Capture Fisheries in Germany exhibited significant fluctuation between 2013 and 2023. The value stood at €4.95 thousand per metric ton in 2023. Over the years, the market experienced marked highs and lows, with notable peaks in 2016 and 2017, followed by considerable drops in subsequent years. The past two years saw a decrease of 10.26% in 2023 despite a significant rise of 36.77% in 2022. The five-year CAGR leading up to 2023 was 4.8%.
Forecasts predict a steady, albeit modest, growth from 2024 onwards with a five-year CAGR of 1.68% and an 8.7% growth rate by 2028. This suggests a stabilizing trend in the cooked seafood production market.
Future trends to watch for include market adaptation to sustainable fishing practices, fluctuations in global seafood demand, and potential technological advancements in seafood processing and preservation which could significantly influence production values.
