In 2023, the value of whole fresh Atlantic cod production in Germany stood at a baseline level. Looking forward, the forecast predicts a steady increase in the value of Atlantic cod from 2024 to 2028, with values rising incrementally from 1.86 to 1.92 thousand euros per metric ton. Analyzing the year-on-year variation, we observe modest growth rates, consistently increasing around 0.5-1% each year. The compound annual growth rate (CAGR) over the forecasted period reflects a gradual positive trend, suggesting stable market conditions.
Future trends to watch for include:
- Further advancements in sustainable fishing practices which may impact supply dynamics.
- Potential economic factors or policy changes within the EU that could influence production costs and market prices.
- Shifts in consumer demand towards responsibly-sourced seafood impacting market operations.