The fisheries exports in Turkey have shown a consistent upward trend from 2013 to 2023, starting at 466.43 million USD in 2013 and reaching 2120 million USD in 2023. This consistent growth is characterized by various year-on-year variation percentages, largely driven by increases in production and global demand for Turkish fisheries exports.
From 2023 to 2028, a forecast suggests a continued growth with a 5-year CAGR of 5.49%, indicating a steady albeit slower growth rate compared to the previous decade. The forecasted value of 3000 million USD by 2028 further supports this trend.
Key variations over the past two years show a year-on-year growth of 10.51% in 2022 and 9.41% in 2023, pointing toward a slight deceleration in growth rate. Over the last five years, the CAGR stands at 11.28%, reflecting an average growth per year.
Future trends to watch for include potential impacts of global economic conditions on export demand, advances in aquaculture technology, sustainable fishing practices, and regulatory changes within Turkey and key import markets. Keeping an eye on these factors will be essential to understand potential shifts in the export trajectory for Turkey’s fisheries sector.
