The production of fishing and aquaculture in Finland has experienced varied growth rates over the past decade, marked by significant fluctuations. During the observed period from 2013 to 2023, the highest increase year-on-year was recorded in 2017 at 11.17%, while the most substantial decline occurred in 2020 at -15.17%. Following the decline in 2020, the sector rebounded with robust growth in subsequent years, including a 16.43% increase in 2021. The forecast for 2024 and beyond shows a steady growth trend, predicting an annual average growth rate (CAGR) of 1.3% until 2028.
Key points to observe:
- 2013: The value stood at €191 million with an 11.7% year-on-year increase.
- 2023: The production value stood at €244 million with a 1.67% year-on-year increase.
- 2028: The production is forecasted to reach €264.07 million, representing a 6.69% growth over the next five years with a 1.3% average annual growth rate.
Future trends to watch for include the impact of sustainable practices and technological advancements in aquaculture. Additionally, monitoring changes in environmental regulations and market demand will be crucial for predicting future production trends.
