Fishing Industry in Larvik: Industry Analysis and Outlook

The fishing industry in Larvik is a small but dynamic sector with a single company in focus: Nevlunghavn Brygge AS. This company, registered in 2015 and operating from Brunlanesveien 1505 in Nevlunghavn, is the only registered fishing company in the municipality. Although the sector is small-scale, data shows a significant increase in sales in 2024, from NOK 4.7 million to NOK 12.3 million. This indicates potential growth opportunities, even though the number of employees has been volatile over time. At the same time, it is important to note that the sector is part of the broader services sector, which has a more stable development and more companies.

Economic development

The fishing industry in Larvik has been marked by large variations in both sales and number of employees over time. From 2016 to 2024, sales figures have grown from NOK 5.7 million to NOK 12.3 million, with an extreme increase of +162.0% in 2023→2024. This is one of the most significant growth periods in the data. The number of employees has been more unstable, with a decline from 40 in 2021 to 12 in 2023, followed by an increase to 25 in 2024. This shows that the sector can be sensitive to external factors, but has potential for growth when conditions are favorable.

Registered companies

There is only one company registered in the fishing industry in Larvik: Nevlunghavn Brygge AS. This company has the following characteristics:

• Company form: AS
• Incorporation year: 2015
• Number of employees: 52 (data from 2024)
• Address: Brunlanesveien 1505, Nevlunghavn
• Bankruptcy status: Not bankrupt

The company has not reported income or operating profit in the data, which may indicate that it is a new or less publicly active business. No other companies in the sector are registered in the municipality.

Geographic distribution

The fishing industry in Larvik is concentrated in Nevlunghavn, where the only registered company operates. Data shows that this area has:

• Number of companies: 1
• Number of employees: 52
• Sales: Not reported
• Operating income: Not reported

No activity is registered in other districts or cities in the municipality. This indicates that the fishing industry in Larvik is highly location-dependent and concentrated in a single part of the municipality.

The fishing industry in Larvik has been marked by stable operations with no registered bankruptcies. The only company, Nevlunghavn Brygge AS, is not bankrupt, which indicates good financial health. This is a positive indicator for the sector. However, the number of employees has been volatile, with a decline of 60.0% from 2021 to 2022 and an increase of 108.3% from 2023 to 2024. This may be due to variations in operational activity or external factors affecting the fishing industry.

For entrepreneurs considering establishing themselves in the fishing industry in Larvik, the data shows both opportunities and challenges. The significant growth in sales in 2024 (from NOK 4.7M to NOK 12.3M) indicates that it could be a growing market, especially if there is a need for fishing industry activity in the area. However, the sector is small-scale, and there is only one company in the municipality. This may indicate a small competitive market, but also a potential risk that there is limited demand. Entrepreneurs should carefully assess local needs and competitive solutions.

Comparison with the services sector

The fishing industry is a small part of the broader services sector in Larvik, which has a more stable development. The services sector had total sales of NOK 21.5 billion in 2024, with a growth of +8.9% compared to 2023. This is a significantly higher value than the fishing industry, which had NOK 12.3 million in sales in 2024. In the services sector, you also find large companies such as Ng Kiwi Vestfold Telemark AS (sales: NOK 296.3M, EBITDA: NOK 15.0M) and Blinken Mathus AS (sales: NOK 120.5M, EBITDA: NOK 9.1M). This shows that the services sector has a much higher capacity and more variation in companies, while the fishing industry is a small, specialized part of this sector.

The fishing industry in Larvik is a small but potentially growth-friendly sector with a single company in focus. Although the sector has been marked by variations in the number of employees and sales, the data shows a significant growth in 2024. This may be an indication that there is a need for fishing industry activity in the municipality. At the same time, it is important to note that the sector is part of the broader services sector, which has a more stable development and more companies. Entrepreneurs should carefully assess local needs and competitive solutions, and SmartGrunder can help find suitable addresses and strategies to establish themselves in this sector.