The total seafood production in capture fisheries in Germany has experienced significant fluctuations over the past decade. From 2013 to 2017, there was a notable increase, peaking at 162.85 thousand metric tons in 2017. However, from 2018 onwards, the trend reversed, with a steep decline culminating in 37.23 thousand metric tons in 2022. The production slightly rebounded in 2023 with a 5.72% year-on-year increase to 39.36 thousand metric tons.
Over the last two years, the production decreased sharply in 2022 by 41.92% and then slightly recovered by 5.72% in 2023. The last 5-year CAGR indicates an average annual decrease of 18%. However, the forecast suggests a positive shift, with a 5-year growth rate of 18.54% and an average annual growth (CAGR) of 3.46% from 2024 to 2028.
Future trends to watch for:
- Sustainable fishing practices and regulatory changes that could impact seafood catch volumes.
- Technological advancements in fisheries aimed at increasing efficiency and production.
- Environmental factors such as climate change affecting fish populations and biodiversity.
- Market demand changes and shifts in consumer preferences towards sustainable seafood options.
