The demand for pelagic fish in Norway is expected to decline steadily from 2024 to 2028. In 2023, the demand stood at 884.30 thousand metric tons. The forecasted decline sees the volume decreasing to 839.94 thousand metric tons by 2028.

Year-on-year percentage variations suggest a consistent downturn in demand:

2024: -1.0%
2025: -1.05%
2026: -1.04%
2027: -1.03%
2028: -1.02%

CAGR over the last five years indicates an average annual decrease of approximately 1.03%.

Future trends to watch for:

Changes in consumer preferences towards alternative protein sources may impact pelagic fish demand.
Environmental regulations and fishing policies could further influence supply and demand dynamics.
Technological advancements in aquaculture may change production efficiencies and fish availability.