The share of aquaculture in Denmark's national fish production has shown slight fluctuations over the past decade, with a notable peak in 2017. However, from 2018 onwards, there has been a generally declining trend. In 2023, the share stood at 20.08%, representing a minor decrease of 0.22% from the previous year. The compound annual growth rate (CAGR) over the last five years also reflects a subtle decline at -0.18%.
A closer examination of year-on-year variations reveals periods of both modest growth and decline, highlighting the sector's relative instability. For instance, after a 7.86% increase in 2017, consecutive years have seen minor and mostly negative fluctuations.
The forecast up to 2028 suggests continued slight declines, with the share projected to fall to 19.86%, reflecting the ongoing challenges facing the industry.
Future trends to watch for:
- Sustainability measures and their impact on production efficiency and share.
- Technological advancements in aquaculture practices.
- Regulatory changes and their potential to either hinder or support sector growth.
- Market demand shifts towards sustainable and locally produced fish products.
