Based on the forecasted data for seafood processing production value in Norway, the value is projected to steadily increase from 8.54 billion Euros in 2024 to 9.68 billion Euros in 2028. The value stood at 8.25 billion Euros in 2023.
Year-on-year percentage growth is expected to be:
- 2024 to 2025: 3.4%
- 2025 to 2026: 3.2%
- 2026 to 2027: 3.2%
- 2027 to 2028: 3.0%
The compound annual growth rate (CAGR) over the 5-year period is approximately 3.2%, indicating a consistent upward trend.
Future trends to watch for include potential changes in global seafood demand, technological advancements in processing, regulatory changes in sustainability practices, and impacts from climate change on marine ecosystems.
