In 2023, the production of fishing and aquaculture in Norway stood at 128.34 billion Norwegian Krones. The forecast from 2024 to 2028 shows a steady growth in production value. The year-on-year variation is as follows:
• 2025: 3.80%
• 2026: 3.58%
• 2027: 3.39%
• 2028: 3.21%
The Compound Annual Growth Rate (CAGR) over the next five years is expected to be around 3.43%. This steady growth indicates a robust and expanding sector for fishing and aquaculture in Norway.
Future trends to watch for include advancements in sustainable aquaculture technologies, regulatory changes aimed at environmental conservation, and potential shifts in global seafood demand which could impact production volumes and values.
