The production of fresh crustaceans in Denmark's capture fisheries varied widely from 2013 to 2023, peaking in 2016 at 64.817 Million Euros and hitting a low of 31.256 Million Euros in 2020. Over recent years, this market has shown fluctuations with an upward spike in 2021 and a downward trend thereafter, reaching a value of 44.056 Million Euros in 2023. The year-on-year change from 2022 to 2023 was a decline of 11.12%, while the last five-year CAGR stood at 1.93%. The forecast indicates a continued decline, with the market expected to drop to 39.479 Million Euros by 2028, at a forecast five-year CAGR of -1.75%, marking an overall decrease of 8.45% from 2023 levels.
Future trends to watch for include:
- Market adaptability to sustainability initiatives and EU fishing regulations.
- Impact of climate change on crustacean habitats and capture yields.
- Technological advancements in capture fisheries boosting efficiency and productivity.
- Shifts in consumer demand and global market dynamics impacting export potential.