The Danish seafood output has seen various fluctuations over the past decade. From a value of 4.48 billion Danish Krones in 2013, it experienced a series of increases and decreases, particularly dropping in 2020 due to a significant 14.74% year-on-year decline. However, the output has since rebounded, and in 2023, it stood at 5.37 billion Danish Krones, marking a 1.26% increase from the previous year. The last five years have averaged a 1% annual growth rate.
The forecast for the output from 2024 through 2028 shows a steady increase, with a projected Compound Annual Growth Rate (CAGR) of 1%. By 2028, the output is expected to reach 5.7 billion Danish Krones, signifying steady growth over five years.
Future trends to watch for include:
- Impact of regulatory changes on fishing quotas and sustainability practices.
- Technological advancements in aquaculture enhancing productivity.
- Global market demand fluctuations, particularly from key export markets.
- Environmental changes affecting fish populations and catch quality.
