The sold production of dried fish in Denmark has shown significant volatility over the last decade. From a peak in 2013, the market saw dramatic fluctuations, including a noticeable dip in 2015 followed by another significant drop in 2017. After minor recoveries in subsequent years, the market witnessed its lowest point in 2020. Although there was a slight recovery in 2022, the values remained significantly lower than earlier years. In 2023, the sold production stood at 2.9042 million Euros, but forecasts suggest a continuous downturn.
For the last two years, the variation reflected a slight growth of 0.43% in 2023 but a drop of 19.42% projected for 2024. The CAGR over the last five years showed an average decline of 6.14% per year. Looking forward, the forecasted CAGR from 2024 to 2028 predicts a steep decline of 44.42%, indicating a challenging market environment.
Future trends to watch for include shifts in consumer preferences, potential market entry by new players, and changes in regulations or trade policies that could impact production levels. Monitoring technological advancements in fish drying techniques and sustainability practices will also be crucial.
