The forecast for the total Northern Prawn production in capture fisheries for human consumption in Germany from 2024 to 2028 shows a consistent annual growth. The production value begins at 1.0316 million Euros in 2024 and increases steadily, reaching 1.2742 million Euros by 2028. This indicates a compound annual growth rate (CAGR) over this period.
Between 2024 and 2025, the production value increases by approximately 6%, a trend which continues with similar increments year-on-year until 2028. Compared to 2023, where the exact production value is not provided, this forecast illustrates a promising positive trend for the sector.
Future trends to watch for include:
- Potential impacts of climate change on prawn populations and capture methods.
- Changes in consumer preferences towards sustainability and traceability.
- Technological advancements in fisheries management and operations.
- Any regulatory changes affecting fisheries or trade policies in Germany and the EU.