Over the past decade, Germany's demand for demersal fish has shown fluctuations with an overall declining trend. Starting at 339.7 thousand metric tons in 2014, demand reached 321.97 thousand metric tons in 2023, marking a 5.2% decrease. The most significant drop occurred in 2020, influenced likely by external economic conditions, resulting in a year-on-year decrease of 17.28%. Since then, the demand has seen a partial recovery, but the overall trend remains negative.
Year-on-year variations have been inconsistent, with minor increases in 2016, 2018, and notably in 2021, which saw a 14.08% rebound from the previous year. Over the last five years, the Compound Annual Growth Rate (CAGR) stands at -0.29%, highlighting a persistent slow decline.
Forecasted data from 2024 to 2028 indicates a continued but slight decline, with a forecasted CAGR of -0.26% over these five years and an overall growth rate of -1.27% by 2028, reaching approximately 315.63 thousand metric tons.
Future trends to watch for include:
- Potential impacts of changing economic conditions on consumer purchasing power.
- Effects of environmental policies and sustainability drives on fish supply and prices.
- Shifts in consumer preferences towards more sustainable and locally sourced seafood alternatives.
