The freshwater fish demand in Sweden has shown a declining trend from 2014 to 2023, with notable fluctuations. In 2023, the demand stood at 81.19 thousand metric tons, demonstrating a slight decrease of 1.58% year-on-year. The average annual variation (CAGR) over the last five years from 2018 to 2023 was -1.62%, indicating a consistent downward trend.
The period from 2014 to 2020 saw significant drops, particularly in 2020 with an 18.32% decrease year-on-year. Although there was a recovery in the following years, with a peak in growth at 12.64% in 2021, the overall trajectory remained downward.
Looking forward from 2024 to 2028, the forecast suggests a continued decline, though at a moderated pace with a forecasted CAGR of -1.37%. This suggests that despite temporary increases, the long-term demand is expected to decline by approximately 6.67% over the next five years.
Future trends to watch for:
- Changes in consumer preferences toward sustainable and locally sourced foods.
- Potential impacts of environmental regulations on freshwater fish sourcing.
- Evolving competition from alternative protein sources, such as plant-based and lab-grown fish.
- Advancements in aquaculture technology that could influence supply dynamics.
