The total production of shrimps and prawns in Turkey's capture fisheries has shown varied trends from 2016 to 2023. The production stood at 5.25 thousand metric tons in 2023. Notable fluctuations include a significant increase of 14.5% in 2023 following a sharp decline of -16.55% in 2022. The Compound Annual Growth Rate (CAGR) over the past five years (2019-2023) is relatively modest at 0.29%. Past trends indicate occasional spikes, with years like 2019 showing a 13.26% rise. However, the overall growth trajectory has been somewhat erratic.
Future trends to watch for:
- Predicted growth achieving a stable 5.06% increase by 2028.- A forecasted CAGR of 0.99% over the next five years.
Monitoring these trends will be essential for anticipating market conditions, influenced by potential changes in environmental factors, market demand, and fishing regulations.
