The forecast for fish meal supply in Norway over the years 2024 to 2028 shows a slightly declining trend. The value is projected to decrease from 425.0 thousand metric tons in 2024 to 420.0 thousand metric tons in 2028. Compared to 2023, where the value stood at 426.0 thousand metric tons, the year-on-year variation suggests a marginal decline each year. Specifically, the forecasted supply changes by approximately -0.24%, -0.24%, -0.47%, and -0.24% sequentially over the years 2025 to 2028. The five-year compound annual growth rate (CAGR) indicates an average yearly decline of nearly -0.36%.
Future trends to watch for include advancements in sustainable fishing practices, shifts in global demand due to aquaculture growth, and regulatory changes affecting fish meal production. Monitoring these trends will be essential for anticipating future supply changes and strategic planning.
