The forecast for Great Atlantic Scallop Farming by fishing area in Norway indicates a consistent upward trend from 2024 to 2028. Starting at a value of 153.33 thousand Euros in 2024, the industry sees a year-on-year increase, rising to 182.44 thousand Euros by 2028. Analyzing the provided data, we see a steady average annual growth rate (CAGR) over this period, reflecting a healthy expansion of the market. When comparing to previous years up to 2023, we noticed significant growth, with the current values demonstrating a positive growth trajectory. The year-on-year variation between 2024 and 2028 averages approximately 4.1%.
Future trends to watch for include advancements in sustainable farming practices, increased demand for high-quality seafood, and potential regulatory changes impacting aquaculture. These factors could enhance or challenge the growth pattern observed in the forecast.
