The frozen fish fillets market in Sweden saw significant fluctuations from 2013 to 2023, where the trajectory shifted from a high of 38.94 million kg in 2014 to 28.602 million kg in 2023. The year-over-year variations were marked by notable dips and occasional recoveries, with a significant decline of 18.17% in 2017 and increases such as 10.12% in 2020. The compound annual growth rate (CAGR) over the last five years (2018-2023) was a negative -1.7%, indicating a general downward trend.
Looking forward to 2024 and beyond, the forecast suggests a continued decrease in volume, with a projected CAGR of -1.82% over the next five years, resulting in an estimated volume of 25.521 million kg by 2028. This reflects a forecasted overall reduction of 8.76% from 2023 levels.
Future trends to watch for include:
- Changes in consumer preferences towards fresh or alternative seafood options
- Impact of sustainability and environmental concerns on fishing practices
- Potential advancements in frozen food technology that may affect market dynamics
