From 2014 to 2023, the production value in Finland's seafood processing sector reflects substantial fluctuations. The most significant increases were in 2014 at 16.04%, 2017 at 19.51%, and 2021 at 18.26%. Notable declines occurred in 2015 (-13.72%) and 2020 (-14.3%). The sector stood at 439.3 million euros in 2023. The CAGR for 2019-2023 was modest at 2.72%, indicating low consistent growth. Forecasts suggest a steady increase to 504.52 million euros by 2028, with an anticipated 5-year CAGR of 2.23%, translating to an 11.67% growth rate over this period.
Future trends to watch for in the seafood processing sector in Finland include:
- Technological advancements improving processing efficiency.
- Increased focus on sustainability and eco-friendly practices.
- Potential impacts of climate change on seafood availability.
- Shifting consumer preferences towards healthier and organic seafood products.
- Trade policies and international market fluctuations influencing demand and supply.