Forecast: Fresh Shrimps and Prawns Production in Capture Fisheries in Turkey

Analysis of fresh shrimps and prawns production in capture fisheries in Turkey reveals fluctuating trends from 2016 to 2023. In 2016, production stood at 4.5 thousand metric tons, growing slightly over the years with notable variations. Significant increases were observed in 2017 (5.11%) and 2019 (13.26%), whereas there were declines in 2018 (-4.11%) and 2022 (-16.55%). As of 2023, the production reached 5.12 thousand metric tons, reflecting an 11.62% year-on-year increase, with a five-year CAGR of -0.56% indicating slight overall growth in the latter years.

From 2024 to 2028, production is forecasted to incrementally increase, reaching 5.2 thousand metric tons by 2028. The forecasted five-year CAGR is 0.23%, suggesting a steady but modest growth trajectory. Future trends to watch for include environmental impacts on marine ecosystems, advancements in fishing technology, and potential regulatory changes affecting capture fisheries. Additionally, shifts in global demand and market access could significantly influence production levels.

Top Countries about Shrimp