The total aquaculture production in Finland showed significant annual fluctuations over the years between 2013 and 2023. Production peaked at 15.44 thousand metric tons in 2023, reflecting a steady overall upward trend despite occasional declines. Notable variations included a sharp drop in 2020 (-17.93%) followed by a recovery with substantial growth in 2021 (+15.28%) and consistent increases toward the forecasted years.
For 2024, the forecasted production is 15.51 thousand metric tons, with a year-on-year increase of 0.45%. The compound annual growth rate (CAGR) from 2019 to 2023 was mild at 1.75%, indicating slow but steady growth. Looking forward, the forecast 5-year CAGR from 2024 to 2028 is estimated at 0.56%, suggesting moderate growth, with a cumulative increase of 2.85% over five years.
- Future trends to watch:
- Technological advancements and innovations in aquaculture techniques which may drive efficiency and production volumes.
- Regulatory changes and environmental policies impacting sustainable practices and growth potential.
- Shifts in global demand for aquaculture products that could influence market dynamics and production strategies.
