In 2023, Norway's total aquaculture production stood at approximately 1.569 million metric tons. The forecasted data for 2024 shows a 2.2% increase to 1.6035 million metric tons. This growth is expected to continue, with an increase of 2.2% in 2025, reaching 1.6393 million metric tons, followed by a rise of 2.1% in 2026 to 1.6743 million metric tons, a 2.1% increase in 2027 to 1.7086 million metric tons, and a 2.0% increase in 2028 to 1.7423 million metric tons. The compounded annual growth rate (CAGR) over these five years is approximately 2.1%.
Future trends to watch for include:
- Technological advancements in aquaculture practices and sustainable methods.
- Variations in global seafood demand and supply chain dynamics.
- Potential regulatory changes affecting production and export.
- Impacts of climate change and environmental policies on aquaculture yields.
