The forecast for Germany’s fresh shrimp and prawn production in capture fisheries for human consumption shows a consistent growth trajectory from 2024 to 2028. In 2023, the industry stood at a baseline just below the 2024 forecast of 878.96 thousand euros. The year-on-year growth rates reveal significant upward trends, with each subsequent year posting higher increases, culminating in a five-year CAGR that indicates sound expansion in production value.
Future trends to watch for include:
- Continued investment and advancements in sustainable fishing practices.
- Potential shifts in consumer preferences towards higher value-added seafood products.
- The impact of environmental regulations on fishing quotas and practices.
- Influences of global market movements and trade agreements on shrimp and prawn availability.