The fresh Great Atlantic scallop production in capture fisheries in Norway is forecasted to maintain a steady growth from 2024 to 2028, incrementally increasing from 470.6 metric tons in 2024 to 471.1 metric tons in 2028. As of 2023, the production stood at 470.4 metric tons. The year-on-year percentage variation is minimal, illustrating a relatively stable industry with only slight annual increases of approximately 0.04% over the last couple of years. When examining a longer-term trend, the compound annual growth rate (CAGR) stands at about 0.03%, indicating a slow but consistent expansion in scallop production.
For future trends, stakeholders should monitor advancements in sustainable fishing practices and regulatory changes that could impact production rates. It's also important to observe global demand shifts, innovations in aquaculture technology, and environmental factors that could influence the availability and health of scallop populations.
