From 2016 to 2023, Germany's shrimp and prawn farming by fishing area shows fluctuating growth. Starting at 21 Metric Tons in 2016, it saw significant increases and decreases, peaking at 44.9 Metric Tons in 2023. Key growth included a steep increase of 73.33% from 2016 to 2017 and a decline of -27.47% from 2017 to 2018. Year-on-year growth rates stabilized between 2020-2023, with a CAGR of 5.44% in recent years.
Future trends to watch for:
- Projected CAGR of 1.51% from 2024 to 2028 suggests moderate but steady growth.
- Forecasted total growth rate of 7.78% over the next five years indicates continuing expansion.
