The value added of fishing and aquaculture in Finland experienced varying trends from 2013 to 2023. The series stood at €129.0 million in 2023. Significant fluctuations are evident, with noteworthy declines in 2015 and 2020, and notable recoveries in 2017 and 2021. The year-on-year variation peaked at -16.33% in 2020 due to pandemic impacts, followed by a recovery of 16.29% in 2021. Over the longer term, the compound annual growth rate (CAGR) for the past five years stands at 1.46%.
The forecast for 2024-2028 suggests steady, albeit modest, growth, with a forecasted five-year CAGR of 0.82% and an expected growth rate of 4.17% over this period. Expected values indicate slight annual increases, pointing towards gradual recovery and stabilization within the industry.
Future trends to watch:
- Impact of environmental policies on sustainable fishing practices.
- Technological advancements in aquaculture.
- Global market demand for seafood products.
- Climate change effects on marine ecosystems.
