In 2023, the production of whole fresh sharks, rays, and chimaeras in German capture fisheries stood at a notable level, supplying a significant volume to the market. Entering 2024, this production value forecasted at 591.91 Euros per metric ton shows a declining trend through to 2028, reaching 413.85 Euros per metric ton. The year-on-year decrease reflects diminishing capture rates and potential sustainability considerations, marking a continuous downturn with significant negative percentage changes annually. Over the five-year forecast period, the compound annual growth rate (CAGR) depicts a consistent reduction.
Future trends to watch for include the impact of regulatory changes on fishing quotas, advancements in sustainable fishing practices, and potential shifts in consumer demand towards alternative sustainable seafood options. Monitoring these factors could provide insight into future production adjustments and market dynamics.
