In 2023, Norway's fisheries exports stood at 13.6 billion US dollars. The forecasted data from 2024 to 2028 suggests a steady growth in fisheries exports. The year-on-year growth rates are approximately 2.16% between 2024 and 2025, 1.97% from 2025 to 2026, 1.80% from 2026 to 2027, and 1.63% from 2027 to 2028. The compounded annual growth rate (CAGR) for the period from 2023 to 2028 is closely aligned at around 1.77%.
Future trends to watch for include regulatory changes in key export markets, advancements in sustainable fishing practices, and the impact of climate change on marine ecosystems. Furthermore, technological innovation in aquaculture and fishing methods could drive efficiency and output increases.
