The seafood processing sector in Sweden stood at 4.3 Billion Swedish Kronas in 2023. From 2014 to 2023, the sector experienced fluctuating production levels with notable declines in 2015 and 2020, followed by modest recoveries. Year-on-year variation was -18.73% in 2015, 5.57% in 2016, and -12.47% in 2020. The most recent data shows a 1.61% increase from 2022 to 2023. Over the last two years, the sector saw a growth of 1.61% in 2023 preceded by a 3.03% increase in 2022. The five-year CAGR leading to 2023 shows a decline of -0.56%. Forecasts from 2024 to 2028 predict a slight downward trend with a forecasted five-year CAGR of -0.73%, projecting a -3.62% total growth rate over this period.
Future trends to watch for include advancements in processing technology, changes in consumer preferences towards sustainably sourced seafood, and the impact of potential new regulations on the seafood industry. Monitoring these factors will be crucial for understanding the long-term trajectory of the sector.
