The whole seafood production in Denmark exhibited varied trends from 2013 to 2023. Initial growth in the early years peaked at 185.89 EUR per metric ton in 2015, followed by some fluctuations with a notable decline in 2019 to 153.07 EUR. However, the market showed a strong recovery with an 18.3% increase in 2021, reaching 216.82 EUR per metric ton. In 2023, the value stood at 197.04 EUR per metric ton with a steady year-on-year growth of 5.2% and a 2.09% CAGR over the past five years.
Important trends and variations over the last two years:
- The year-on-year variation in 2022 was -13.61%, indicating a significant drop.
- The year-on-year variation in 2023 rebounded with a 5.2% increase.
Looking forward, the forecast from 2024 to 2028 predicts a modest annual growth, with a forecasted 5-year CAGR of 1.16%, achieving a 5.95% growth rate over the period. A slow but steady increase in value per metric ton is expected, reflecting industry stability.
Future Trends to Watch For:
- The impact of climate change on fish populations and productivity.
- Technological advancements in fishing techniques and sustainability practices.
- Changes in global seafood demand and export market dynamics.
- Regulatory shifts and their implications on the capture fisheries sector.
