In 2023, the production value for fresh Atlantic herring in Germany's capture fisheries stood at €581. Expected values for the following years are projected to rise annually, hitting €654.14 per metric ton by 2028. This reflects a consistent annual increase, with a year-on-year growth of 2.46% from 2024 onwards. The compound annual growth rate (CAGR) over the five-year period is projected as 2.38%.
Future trends to watch for:
- Potential changes in EU fisheries regulations affecting quotas and production.
- Impact of climate change on herring stocks and their sustainability.
- Shifts in consumer preferences towards sustainable or alternative protein sources.
- Technological advancements in fishing methods that may impact production efficiency and costs.