In 2023, the production value for whole frozen sharks, rays, and chimaeras in Germany was higher than the 2024 forecast of Euros 65.76 per metric ton. Forecasts show a decreasing trend with values projected to drop substantially, reaching Euros 11.52 by 2028. The year-on-year decrease is notable, showing reductions of approximately 21% from 2024 to 2025, and continuing this trajectory each year. The compound annual growth rate (CAGR) for 2024 to 2028 forecasts a negative shift, reflecting a strong downward trend in production value.
Future trends to watch for include:
- Increased regulatory measures on fishing practices, potentially impacting supply.
- Changes in consumer preferences towards sustainable seafood alternatives.
- Global market conditions and their influence on import/export dynamics.