The Gross Value Added (GVA) of the seafood sector in Sweden experienced fluctuations from 2013 to 2023. The GVA peaked in 2017 at 1.34 billion SEK before a gradual decline, reaching 0.931 billion SEK in 2023. This period saw significant year-on-year variations, with notable declines in 2020 and 2021 by 7.17% and 18.37%, respectively, followed by minor increases in 2022 and 2023. The Compound Annual Growth Rate (CAGR) over the last five years has been negative, standing at -6.27%.
Forecasted data from 2024 to 2028 project a slow but steady increase in seafood GVA, with an average annual growth rate of 0.42% and an overall growth rate of 2.14% over the next five years. By 2028, the GVA is expected to reach 0.956 billion SEK.
Future trends to watch for include:
- An emphasis on sustainable seafood practices, which could influence GVA positively if implemented effectively.
- Technological advancements in aquaculture and fishing techniques, potentially boosting productivity and value.
- Market demand shifts influenced by consumer preferences towards healthier and sustainably-sourced products.
