Forecast: Fresh Crustaceans Production in Capture Fisheries in Denmark

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.

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