In 2023, Finland's fishing and aquaculture sector stood at 161.0 Million Euros, showing a slight decline of 1.23% from the previous year. Over the past two years, the sector experienced a recovery phase marked by a 3.99% increase in 2022 following a rise in 2021. However, the longer-term trend from 2013 to 2023 indicates a mixed performance with periods of both growth and decline, leading to an overall annual average decline of approximately 1.2% over the last five years.
Looking ahead, the forecast suggests a continuing decline, with the industry expected to decrease to 149.99 Million Euros by 2028, representing a forecasted 5-year CAGR of -1.06% and a total decrease of 5.2% over this period.
Future trends to watch for:
- Sustainability practices and their potential to stabilize or boost production
- Technological advancements in fishing and aquaculture
- Impact of climate change on fish populations and ecosystems
- Regulatory changes and international trade policies
