In 2023, the production of gutted fresh European hake in capture fisheries for human consumption in Germany was recorded at 29.09 metric tons. From 2024 to 2028, there is a forecasted increase with consistent year-on-year growth. Specifically, from 2024 to 2025, the production is set to rise by approximately 1.20%, while between 2025 and 2026, the increase will be around 1.12%. The subsequent years exhibit growth rates of about 1.01% from 2026 to 2027, and 0.90% from 2027 to 2028.
Over the five-year forecast period from 2023 to 2028, the compound annual growth rate (CAGR) is projected to be approximately 0.84%, indicating steady growth in production.
Future trends to watch include:
- The impact of environmental policies and fishery management practices on capture volumes.
- Technological advancements in fish processing and conservation techniques that may impact productivity.
- Changes in consumer demand and dietary trends influencing the hake market.
- Potential impact of economic factors such as trade agreements or tariffs on the fishing industry.
