The market for juvenile freshwater fishes farming by use in Finland, measured in million units, experienced variable growth and decline from 2013 to 2023. The volume stood at 27.11 million units in 2023, illustrating a slight year-on-year decrease of 0.22% from 2022. Over the last two years, the market showed marginal fluctuation with a minor uptick in 2022 followed by a small dip in 2023. The average annual variation (CAGR) over the last five years indicated a decline of 2.65%.
Future trends suggest a continued, albeit slow, contraction of the market. The forecasted annual decline (CAGR) over the next five years is projected to be minimal at 0.09%, with the market volume anticipated to slightly decrease to 26.95 million units by 2028. The overall 5-year growth rate from 2024 to 2028 remains negative at -0.44%.
Future trends to watch for include:
- Technological advancements in aquaculture that could boost efficiency.
- Environmental regulations impacting fish farming practices.
- Consumer demand shifts towards sustainable and eco-friendly aquaculture products.
- Potential fluctuations in market prices due to global economic conditions.
