In 2023, the price of gutted frozen cods, hakes, and haddocks produced for human consumption in Germany stood at 827.31 Euros per metric ton. In 2024, the forecasted price is 769.07 Euros per metric ton, indicating a year-on-year decrease of approximately 7.03%. By 2025, the forecast suggests further decline with a value of 707.19 Euros, marking an 8.04% drop compared to 2024. The downward trend continues, with 2026 projecting a value of 646.54 Euros, declining 8.58% from the previous year. In 2027, the forecast predicts a further 9.20% decrease to 587.11 Euros, followed by an 9.94% reduction in 2028 to 528.86 Euros, resulting in a compound annual growth rate (CAGR) of -8.49% over the five-year period.
Future trends to watch include potential impacts of environmental regulations, shifting demand patterns due to changing consumer preferences, and advancements in fishing technologies. These factors could influence production levels and market dynamics, potentially mitigating or exacerbating the observed downward price trend.
