In 2023, the value of frozen Atlantic Halibut production in capture fisheries in Germany was recorded. The forecast for 2024 to 2028 indicates a decreasing trend, starting at 883.97 Euros per metric ton in 2024 and declining significantly to 127.32 Euros per metric ton by 2028. This represents a year-on-year decrease of 21.76% from 2024 to 2025, 27.54% from 2025 to 2026, 37.54% from 2026 to 2027, and 59.34% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over this period is negative, indicating a steady decline.
Future trends to watch for:
- Changes in market demand or consumer preferences that may affect prices.
- Regulatory impacts and sustainability measures in capture fisheries that might influence production.
- Potential shifts from capture fisheries to aquaculture, impacting overall halibut supply and pricing.
- Impact of global economic conditions on seafood trade dynamics.