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.