The share of aquaculture in Turkey has seen a consistent rise from 60.69 in 2013 to 86.78 in 2023. This establishes a strong upward trend over the past decade, driven by year-on-year growth rates that, while fluctuating, generally support an overall increase. Notable rises were seen in 2014 with a 12.32% increase and smaller yet persistent increments in subsequent years, most recently a 2.45% increase between 2022 and 2023.
The compound annual growth rate (CAGR) over the last five years has averaged 2.70%, reflecting a steady though moderate growth trajectory. Looking ahead, forecast data suggests this growth trend will continue but at a slightly reduced pace, with a five-year forecast CAGR of 1.69% from 2024 to 2028. By 2028, it's anticipated the share will reach 96.56, marking substantial growth albeit at a more moderate pace.
Future trends to watch for include technological advancements in aquaculture practices, sustainability efforts, and potential economic factors impacting production costs and investment in the sector. A focus on innovation and regulatory changes could also influence growth rates and market dynamics moving forward.
