Key Market Indicators
The import of Norwegian salmon is projected to reach $1.3 million by 2026, up from $993,250 in 2021. This amounts to an average annual growth rate of 3.9%. Since 2000, the Norwegian market has experienced an impressive 40.6% year-on-year increase. Norwegian fish production is estimated to reach 1.5 million metric tons by 2026, up from 1.4 million metric tons in 2021. This equates to an average annual growth rate of 1.5%. Since 1965, the Norwegian supply has grown by 0.8% year-on-year. In 2021, Norway was the 9th largest supplier, behind Egypt (1.4 million metric tons). Indonesia, India and Vietnam ranked 2nd, 3rd and 4th respectively. Norwegian fish consumption is expected to reach 32,380 metric tons by 2026, up from 30,630 metric tons in 2021. This equates to an average annual rate of 0.7%. Since 2017, the Norwegian demand has decreased by 0.7% year-on-year.
