Forecast: Whole Fresh Northern Prawn Production in Capture Fisheries in Sweden

Sweden's whole fresh Northern Prawn production in capture fisheries stood at €1,185,000 in 2023. Over the years, the production has shown significant fluctuations, with notable peaks in 2016 (€2,013,300) and considerable drops in 2013 (€675,620). The Compound Annual Growth Rate (CAGR) over the last five years is 3.55%. Year-on-year variation shows volatility with a recent decrease of 6.01% from 2022 to 2023.

Future trends to watch for include:

  • Forecasts predict a gradual decline in production value with a forecasted 5-year CAGR of -2.4%, translating to an 11.44% decrease by 2028.
  • Potential environmental regulations and changes in sea temperature may impact catch volumes.
  • Market demand shifts and advancements in sustainable fishing practices could influence future trends.

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