The forecast for whole fresh European sprat production in capture fisheries in Germany from 2024 to 2028 indicates a steady increase in value, measured in euros per metric ton. The value rises from 258.09 EUR in 2024 to 272.18 EUR in 2028. This suggests a positive year-on-year percentage growth, approximately 1.5% annually. The compound annual growth rate (CAGR) over this period is about 1.35%.
Future trends to watch for:
- Impact of climate change on marine ecosystems, potentially affecting sprat populations.
- Policy changes in European fisheries management which could influence production volumes and market prices.
- Growing demand or alternative market factors impacting the economic value of the sprat industry.