Germany’s juvenile shellfish farming industry saw significant growth from 2013 to 2023, expanding from 30,000 units to 140,000 units, indicative of increasing market demand. The sector experienced its highest growth point in 2015 with a 45.45% year-on-year increase. Despite a temporary decline in 2020 with a -9.45% change, the industry rebounded quickly, reaching 140,000 units in 2023. The average growth over the past five years resulted in a CAGR of 4.94%.
- 2015: 45.45% YoY- 2016: 12.5% YoY- 2017: 11.11% YoY- 2018: 10% YoY, 29.67% 5-year CAGR- 2019: 0% YoY, 14.87% 5-year CAGR- 2020: -9.45% YoY, 4.48% 5-year CAGR- 2021: 24% YoY, 6.53% 5-year CAGR- 2022: 5.26% YoY, 5.39% 5-year CAGR- 2023: 7.69% YoY, 4.94% 5-year CAGR
Future trends to watch for include advancements in sustainable farming practices and technological integration, which could further drive efficiency and output. With a forecasted 3.54% CAGR over the next five years, anticipated growth will be moderate but steady, culminating in a total increase of approximately 18.99% by 2028.
