In 2023, the value of Norway's seafood output stood at 133.53 billion Norwegian Krones. Based on forecasted data, the seafood output value is expected to grow consistently from 2024 to 2028, increasing from 138.8 billion in 2024 to 164.47 billion in 2028. This steady increase represents a compound annual growth rate (CAGR) of approximately 4.31% over the five years.
Year-on-year percentage variations show:
- 2024: +3.95%
- 2025: +4.69%
- 2026: +4.43%
- 2027: +4.21%
- 2028: +4.00%
Future trends to watch for include advancements in sustainable fishing practices, the impact of climate change on marine ecosystems, technological innovations in aquaculture, and shifting global demand patterns for seafood. Monitoring these factors will be crucial in understanding and anticipating further changes in Norway's seafood output.
