The value-added of seafood in Finland has displayed significant fluctuations over the past decade, exhibiting an overall upward trend despite several negative variations. From 2013 to 2023, the sector showed a mixture of growth and contraction, with noticeable downturns in 2015, 2018, and 2020. The year 2021 marked a robust recovery with a 25% increase, followed by a decrease in 2022 and stabilization at €122 million in 2023. Over the last five years, the CAGR stands at 0.5%.
From 2024 onwards, forecasted data suggest a modest but steady growth with a five-year CAGR of 0.32%, leading to an expected value of €125 million by 2028. This indicates a gradual recovery and stabilization of the sector.
Future trends to watch for include the impact of environmental policies on seafood production, technological advancements in aquaculture, and shifts in consumer preferences towards sustainable seafood products. The ability to innovate and adapt to these changes will likely play a pivotal role in shaping the industry's future trajectory.
