In 2023, Spain dominated the European gutted fresh hake production in capture fisheries share, holding 42.93% of the market. The United Kingdom followed with 22.46%, while France and Ireland accounted for 15.32% and 12.54%, respectively. Other countries, like Denmark, Norway, and a few others, contributed less significantly. Year-on-year, Spain saw a 6.16% decline in output, whereas Norway, the Netherlands, Germany, and Belgium had positive growth, exhibiting variances of 14.4%, 37.34%, 37.35%, and 12.83%, respectively. During the last five years, the compound annual growth rate shows significant diversity across nations.
Future trends to watch in the European hake sector include potential market shifts stemming from technological advancements in fishing, economic fluctuations impacting consumer demand, and evolving policy regulations affecting capture fisheries. Sustainable fishing practices and increasing attention to environmental impacts could also influence production dynamics and market shares among European countries.
Top countries in Gutted Fresh European Hake Production in Capture Fisheries Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 42.93 | 2023 | -8.76% | -6.16% | View data |
| 2 | 2 United Kingdom | 22.46 | 2023 | +2.18% | +2.59% | View data |
| 3 | 3 France | 15.32 | 2023 | +0.01% | -0.94% | View data |
| 4 | 4 Ireland | 12.54 | 2023 | +1.55% | -2.45% | View data |
| 5 | 5 Denmark | 4.93 | 2023 | +1.67% | -6.91% | View data |
| 6 | 6 Norway | 1.58 | 2023 | +2.17% | +14.4% | View data |
| 7 | 7 Netherlands | 0.084 | 2023 | +45.21% | +37.34% | View data |
| 8 | 8 Belgium | 0.082 | 2023 | +1.23% | +12.83% | View data |
| 9 | 9 Sweden | 0.045 | 2023 | -10.73% | -9.52% | View data |
| 10 | 10 Germany | 0.014 | 2023 | +18.65% | +37.35% | View data |
