Key Market Indicators
Norwegian Fish Production is projected to climb to approximately 2.06 million metric tons by 2028, up from around 1.77 million metric tons in 2023. This represents an annual growth rate of 2.4%, according to recent data. Historical trends show that since 1965, Norway's fish supply has increased by an average of 5.5% per year. On the consumption front, Norwegian Fish Consumption is expected to rise to roughly 34,770 metric tons by 2028, from about 32,970 metric tons in 2023. This marks an average annual growth rate of 0.9%. Since 2019, the nation's fish demand has seen a year-on-year increase of 1.1%. In 2023, Norway ranked 74th globally in fish consumption, with Tanzania surpassing it at 32,970 metric tons. Leading the global rankings were Japan, the Philippines, and Thailand, occupying the second, third, and fourth spots respectively.
