In 2023, the Gross Value Added (GVA) of the seafood industry in Finland stood at 144 million Euros. Over the past decade, the industry experienced fluctuations, with notable declines in 2015 and 2020, but significant growth in 2017 and 2021. The year-on-year variations highlight this volatility, with a peak growth of 25% in 2021, followed by stabilization at a 6.67% increase in 2022, and no change in 2023. The compound annual growth rate (CAGR) over the last five years ending in 2023 is 3.89%.
Future trends to watch for include:
- Economic stability within the EU affecting trade and supply chains
- Impact of climate change on seafood availability and quality
- Advances in sustainable fishing practices and aquaculture innovation
- Consumer demand for locally sourced and sustainable seafood