In 2023, the value of shrimps and prawns farming by fishing area in Germany stood at 62.00 thousand euros per metric ton. Forecasted data for 2024 to 2028 indicate a steady rise from 64.76 to 75.54 thousand euros per metric ton, representing an annual growth of approximately 4.22%. Year-on-year variations show consistent increases: 4.22% in 2025, 4.02% in 2026, 3.82% in 2027, and 3.64% in 2028. The average growth rate (CAGR) over the five years is around 4.00%.
Future trends to watch for:
- Technological advancements in shrimp and prawn farming techniques.
- Changes in environmental regulations and their impact on cost and production.
- Shifts in consumer demand and market preferences for seafood.
- Potential impacts of climate change on marine ecosystems and farming yields.
