The Processed Fish market in Estonia has experienced a gradual decline in volume per capita over recent years, from 12.94 kg in 2013 to 9.22 kg in 2023. Notably, the most significant drop occurred between 2014 and 2016, with a continuous, though less pronounced, decrease thereafter. Over the last two years, 2022 to 2023 showed a decline of 1.39%, and a five-year CAGR indicates an average annual decrease of 1.12% from 2019 to 2023. This reflects a consistent downward trend in consumption.
Future trends to watch for include potential shifts in consumer preferences towards fresh alternatives or plant-based seafood products, possibly influenced by health trends and environmental considerations. Observing economic factors and local fishery policies will also be crucial in evaluating market directions.
