Denmark's fresh marine fish production in capture fisheries has seen a volatile performance over the past decade, with significant fluctuations annually. From 2013 to 2023, the production value dropped from 89.75 thousand Euros to 23.97 thousand Euros, representing a substantial decline. Notable year-on-year changes include the drastic drop of 54.14% in 2014, a sharp decrease of 74.46% in 2020, and a notable increase of 111.39% in 2021. The compound annual growth rate (CAGR) over the last five years (2018-2023) averaged a decrease of 4.18% annually.
Forecasts from 2024 to 2028 predict a continuous downward trend, with an anticipated CAGR of -36.39% and a projected decline of nearly 90% by 2028. This suggests a troubling outlook for the industry if current conditions persist.
Future trends to watch for include potential impacts of regulatory changes, climate change, and market demand shifts. These factors will be crucial in determining whether this downward trajectory continues or stabilizes.
