In 2023, Norway's pelagic fish export volume was documented at 993.28 thousand metric tons. Based on the forecasted data, the export volume is expected to rise modestly each subsequent year, reaching 994.24 thousand metric tons by 2028. This represents a yearly growth rate from 2024 to 2028, ranging from 0.02% to 0.03%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is estimated to be approximately 0.02% per annum.
Future trends to watch for in Norway's pelagic fish export market include:
- Changes in international trade policies and tariffs impacting export volumes.
- Fluctuations in global fish demand driven by shifts in consumer preferences and health trends.
- Impact of climate change on fish populations and, consequently, on the sustainability of fish stocks.
- Technological advancements in fishing, processing, and distribution affecting efficiency and output.