The sold production of frozen fish fillets in Norway has shown a steady upward trend in recent years. As of 2023, the value stood at 495.74 million Euros. The forecast for 2024 is 515.07 million Euros, indicating a year-on-year increase of 3.91%. The following years also show robust growth, with 2025 at 536.82 million Euros (4.22% increase), 2026 at 558.35 million Euros (4.00% increase), 2027 at 579.66 million Euros (3.81% increase), and 2028 at 600.76 million Euros (3.64% increase). The Compound Annual Growth Rate (CAGR) over these five years is expected to be approximately 3.92%.
Future trends to watch for:
• Technological advancements in freezing and processing techniques could further optimize production efficiency.
• Market dynamics, including changes in consumer preferences towards sustainable seafood, could impact demand.
• Regulatory changes related to fishing quotas and international trade policies may influence production volumes.
