The production of fresh crustaceans in capture fisheries for human consumption in Denmark has seen various fluctuations over the years. After steady growth until 2016, the values peaked, then witnessed a significant drop by 2018. In 2020, production declined sharply by 30.22%, followed by a robust recovery in 2021 with a 45.69% increase. By 2023, the value stood at 43.875 million Euros, marking an 11.12% decrease from the previous year. The average annual growth rate (CAGR) over the past five years through 2023 was relatively modest at 1.85%. However, projections for the years leading up to 2028 indicate a gradual decline with a forecasted 5-year CAGR of -1.76% and an overall reduction in production of 8.51%.
Future trends to watch for include:
- The impact of environmental regulations on fishing practices.
- Advances in sustainable fisheries management and technology.
- Market demand shifts driven by consumer preferences for sustainable seafood.
- Economic factors that could influence both domestic and international trade dynamics.
