Forecasted cooked Northern prawn production in capture fisheries in Norway indicates a downward trend from 2024 to 2028. Starting with a value of 19.137 million euros in 2024, it consistently declines to 12.517 million euros by 2028. The annual percentage decrease between consecutive years shows a persistent reduction in production value.
Analyzing variations over the past two years (2023-2024 and 2024-2025), there is a notable downward shift. Comparing 2024 with the previous year (2023), production value has likely decreased based on this trajectory. The CAGR for 2024-2028 reflects an average yearly decrease.
Future trends to watch for include potential impacts from climate change on marine ecosystems, changes in fishing regulations, technological advancements in fishing methods, and shifts in global demand for Northern prawns. These factors could influence production volumes and values considerably in the coming years.
