The Frozen Fish Fillets market in Finland has seen a general downturn in market size value over the past decade. Starting from €42.231 million in 2013, it experienced fluctuations with moments of recovery, ultimately declining to €35.03 million by 2023. The year-on-year variations reflect a predominantly negative trend, especially notable between 2017 and 2023 with a consistent decrease. The compound annual growth rate (CAGR) over the last five years stood at -2.88%, further highlighting the downward trajectory.
Looking ahead, the forecast shows a continuation of this decline, with market size value projected to decrease to €30.227 million by 2028. The estimated five-year CAGR from 2024 to 2028 is -2.35%, suggesting a steady reduction at an average annual rate. Overall, the anticipated five-year growth rate indicates an overall decrease of 11.23% in market value.
Future trends to watch for:
- Potential impacts of economic changes on consumer purchasing power.
- Shifts in consumer preferences towards fresh or alternative sources of seafood.
- Environmental and sustainability concerns influencing product demand.
- Technological advancements in preservation and product quality.
