The fresh finfish production in Finland has shown variability over the past decade, exhibiting fluctuations in value from €514.03 per metric ton in 2013 to €737.3 per metric ton in 2023. Actual values indicated a significant increase in 2022 with a peak of €957.56 per metric ton before declining by 23% in 2023. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 stands at 1.56%, highlighting a moderate upward trend despite annual variations. Notably, recent years have witnessed substantial shifts, such as a 35.76% increase in 2022 and a preceding 14.52% rise in 2021, suggesting periodic market volatility.
Looking forward to the forecasted period from 2024 to 2028, a steady increase is expected with the values reaching €822.27 per metric ton by 2028. The projected 5-year CAGR is 1.73%, signifying sustained growth at a steady pace and an aggregated growth rate of 8.96% over this timeframe.
Future trends to watch for include the potential impacts of environmental changes on fish populations, advancements in fishing technology, and shifts in consumer demand towards sustainable seafood. Additionally, regulatory changes and global market dynamics could further influence Finland's fresh finfish production outlook.
