In 2023, the Fresh European Hake Production in Capture Fisheries in Germany stood at a value of 2.42 thousand euros per metric ton. The forecast from 2024 to 2028 shows a steady year-on-year increase. The value is predicted to rise progressively, starting at 2.47 in 2024 and reaching 2.7 thousand euros per metric ton by 2028. The average compound annual growth rate (CAGR) over these five years is indicative of a modest upward trend, reflecting a change in market dynamics and potential shifts in supply and demand.
Future trends to watch include:
- Impact of environmental regulations and sustainable fishing practices on supply levels.
- Changes in consumer preferences or dietary shifts influencing demand.
- Economic factors, like inflation or currency fluctuations, affecting fishery operation costs.