Forecast: Output of Seafood in Finland

The seafood output in Finland has shown fluctuations over the past decade. From 2013 to 2023, the output varied with periods of both growth and decline. For instance, significant growth periods include 2021 with a 16.2% increase and 2017 with an 11.17% rise. Conversely, declines were noted in 2020 and 2019. As of 2023, the seafood output stood at 250 million euros. Over the last two years, there was a noticeable increase of 2.46% year-on-year in 2023, despite a -2.79% decrease in 2022. The compound annual growth rate (CAGR) across the last five years stands at 2.5%.

Regarding the future forecasts from 2024 to 2028, the output is expected to continue its upward trend. The projected CAGR over the next five years is 1.66%, resulting in an 8.59% growth by 2028, reaching 278 million euros. This steady forecast indicates a modest but consistent growth pattern for the Finnish seafood industry.

Future trends to watch for include potential impacts of sustainable fishing practices, technological advancements in aquaculture, and environmental policies which could influence production volumes and market dynamics. Economic conditions and consumer preferences for seafood consumption will also play crucial roles.

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