Based on the provided data, the forecasted values for Fresh European Plaice Production (expressed in Thousand Euros per Metric Ton) in Germany from 2024 to 2028 are as follows:
- 2024: 1.88
- 2025: 1.90
- 2026: 1.91
- 2027: 1.93
- 2028: 1.94
The year-on-year variation percentages are:
- 2024 to 2025: (1.90 / 1.88 - 1) * 100 ≈ 1.06%
- 2025 to 2026: (1.91 / 1.90 - 1) * 100 ≈ 0.53%
- 2026 to 2027: (1.93 / 1.91 - 1) * 100 ≈ 1.05%
- 2027 to 2028: (1.94 / 1.93 - 1) * 100 ≈ 0.52%
Analyzing trends over the last two years and computing the Compound Annual Growth Rate (CAGR) for the past five years, the average variation per year is approximately 0.79%.
Future Trends to Watch
The relatively stable, modest growth in the value of Fresh European Plaice production suggests a steady market without significant volatility. Key future trends to watch include potential impacts of environmental regulations, technological advancements in fishing practices, and shifts in consumer preference towards sustainable seafood.
