In 2023, the sold production of prepared or preserved fish in Sweden stood at 69.994 million Euros, increasing marginally by 1.28% compared to 2022. Over the past two years, production experienced a significant surge, particularly between 2021-2022 with a 74.37% rise.
From 2013 to 2023, the industry saw substantial fluctuations:
- Significant drops were evident in 2015 (-38.62%) and 2017 (-47.11%),
- Successive recoveries were seen in 2016 (+38.25%) and 2018 (+30.93%).
- The year 2020 marked a remarkable increase of 89.83%.
The Compound Annual Growth Rate (CAGR) from 2018 to 2023 stands at 8.51%, indicating an overall positive trend, albeit with high volatility.
Looking ahead to the forecasted data from 2024 to 2028, industry growth for prepared or preserved fish in Sweden is expected to stabilize with a forecast CAGR of 0.94%, translating to an overall growth of 4.8% over the next five years.
Future trends to watch for:
- Potential impacts from sustainability measures within the fishing industry,
- Shifts in consumer preferences towards plant-based or alternative protein sources,
- Technological advancements in fish preservation techniques.
