The fisheries production volume in Germany saw fluctuations between 2013 and 2023, peaking in 2016 at 312.99 thousand metric tons before gradually declining. By 2023, the volume stood at 202.81 thousand metric tons. The year-on-year variation has shown a downward trend recently, with notable declines in 2019 (-15.4%) and the significant decreases in 2020 (-7.84%), 2021 (-9.84%), 2022 (-3.97%), and 2023 (-4.14%). The 5-year CAGR up to 2023 was -8.34%. Forecasts indicate further declines, projecting a 5-year CAGR of -3.75% and a total drop of 17.41% by 2028.
Future trends to watch for:
- Innovations in sustainable fishing methods and regulations.
- Impact of climate change on marine life and fisheries.
- Shifts in consumer demand towards more sustainable and diversified seafood sources.
- Global economic factors influencing the fishing industry, such as trade policies and market access.
- Technological advancements in aquaculture to supplement conventional fisheries.