From 2016 to 2023, Turkey's production of fresh finfish for industrial processing showed significant variability, with the value standing at 34.587 million Euros in 2023. Key variations included a significant drop of 58.64% in 2018 followed by a sharp increase of 314.52% in 2019, indicating volatile production dynamics. In recent years, production showed a recovery trend, with a 12.33% increase in 2023. The CAGR from 2016 to 2023 was 4.74%, reflecting an overall growth trend amidst the fluctuations.
Future trends to watch for include:
- Continued growth forecasted with a 5-year CAGR of 2.81% and a total 5-year growth rate of 14.86% by 2028.
- Potential external factors such as environmental regulations, technological advancements in aquaculture, and changes in consumer demand impacting production levels.
