In 2023, Germany’s cods, hakes, and haddocks production in capture fisheries was at a certain level. From 2024 to 2028, the forecasted production exhibits a declining trend from 6.92 to 3.94 thousand metric tons. This represents a year-on-year decrease: 2024 to 2025 sees a 11% drop, 2025 to 2026 by 12%, 2026 to 2027 by 14%, and 2027 to 2028 by 16%. The compound annual growth rate (CAGR) over five years is projected to be negative, highlighting a consistent annual decline.
Future trends to watch for include:
- Impact of environmental policies on fish stock and fishing practices.
- Technological advancements in fishing leading to efficiency improvements.
- Shifts in consumer preference affecting demand.
