From 2014 to 2023, crustacean production in Sweden demonstrated a fluctuating yet overall modest growth trend, starting at 3.58 thousand metric tons and reaching 4.19 thousand metric tons in 2023. The most substantial annual increase was seen in 2016 with a year-on-year rise of 17.89%, followed by a notable decline in 2020 with a drop of 16.18%. Over the last five years leading up to 2023, the compound annual growth rate (CAGR) averaged 0.93%, showing a relatively stable period with slight growth. Specifically, the year-on-year variation was 0.72% in 2023.
Looking forward, the forecasted data from 2024 to 2028 suggests a continuance of this steady growth pattern with an average annual growth rate (CAGR) of 0.61%. The projected production in 2028 is 4.34 thousand metric tons, reflecting a cumulative increase of 3.08% from 2024.
Future trends to watch for include potential impacts from climate change on marine life, technological advancements in sustainable aquaculture, and shifts in market demand for crustaceans driven by consumer preferences and import-export regulations.
