Whole fresh seafood production in Turkey, measured in thousand metric tons, has shown significant variability from 2016 to 2023. The production reached 330.62 thousand metric tons in 2023, reflecting a year-on-year increase of 9.58% from 2022. Over the past five years, the compound annual growth rate (CAGR) turned out to be slightly negative at -0.057%.
Preceding recent gains, there were noticeable fluctuations: a substantial increase of 51.99% in 2019 followed by a sharp 23.24% drop in 2020. Since then, production varied with a notable decline of 10.94% in 2021 and a slight recovery of 2.29% in 2022.
The forecast suggests a gradual decline in production from 2024 to 2028, with a forecasted 5-year CAGR of -0.98%, translating to an overall reduction of 4.8% over the period.
Future trends to watch for include the impact of regulatory changes, shifts in demand due to consumer preferences, and the potential effects of climate change on fish populations. Technological advancements in fishing practices and sustainability measures will also play pivotal roles in shaping the sector's trajectory.
