From 2014 to 2023, Finland's crustacean production has witnessed varied growth patterns. Initially stable at 140 metric tons from 2014 to 2015, production doubled to 280 metric tons in 2016 and remained there until 2018. A slight increase occurred in 2019, with a notable dip in 2020. However, production bounced back robustly in the subsequent years, reaching 340 metric tons in 2023. The year-on-year growth for 2023 is 3.03%, and the compound annual growth rate (CAGR) for the past five years is 3.96%.
Future projections indicate a consistent upward trend, with expected production reaching 400 metric tons by 2028. The forecasted 5-year CAGR stands at 2.49%, translating to a 13.1% growth over this period.
Future trends to watch for include technological advancements in aquaculture, changes in consumer demand, and environmental policies impacting crustacean farming.
