Forecast: Fresh Seafood Production in Capture Fisheries in Sweden

The fresh seafood production in capture fisheries in Sweden has demonstrated significant variability over the past decade. In 2023, the production stood at 39.38 thousand metric tons, reflecting a 6.91% decline from 2022. Notably, the production peaked at 99.41 thousand metric tons in 2013 but has followed a general downward trend since then, with occasional increases like the 23.86% rise in 2022. The five-year CAGR leading up to 2023 was -8.73%, indicating an average annual decrease in production volumes.

Looking ahead, the forecasted data suggests a continuing downward trend, with a projected 5-year CAGR of -6.95% and an overall decline of 30.23% by 2028. This suggests future industry patterns marked by reduced capture fisheries yield.

Future trends to watch for include:

  • Impact of regulatory changes on fishing quotas and sustainability efforts.
  • Technological advancements in aquaculture that may offset declines in capture fisheries.
  • Shifts in consumer demand towards sustainable and locally-sourced seafood.

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