Forecast: Fresh Finfishes Production in Capture Fisheries in Finland

Finland's fresh finfish production in capture fisheries has experienced significant fluctuations from 2013 to 2023. Production peaked dramatically in 2020, reaching nearly 1,000 metric tons, before declining to approximately 397 metric tons by 2023. Year-on-year variation has been volatile, with notable increases in 2016 and 2020 but substantial declines in 2021 and 2022. Last year, 2023, saw a modest recovery with a 13.69% increase from 2022. Over the past five years, the compound annual growth rate (CAGR) averaged at -4.89%, reflecting an overall downward trend projected to continue through 2028.

Looking forward, several trends warrant attention:

- Sustainable fishing practices may affect future production rates.

- The impact of climate change on fish populations and ecosystems.

- Economic factors influencing the fishing industry.

- Technological advancements in capture methods and fishery management.

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