The European fresh hake market shows Spain as the dominant player with a 43.69% share, despite a significant decline of 6.42% in 2023. The United Kingdom follows, showing resilience with a modest growth of 2.16%. Smaller, yet notable, advances are seen in Croatia, Germany, and Cyprus. Conversely, traditional markets like Italy, France, and Denmark are experiencing declines. Emerging contributors such as the Netherlands recorded remarkable growth, although from a smaller base, emphasizing shifts in the European hake landscape.
Future trends to watch include Norway’s strong performance and potential further market disruptions by small, rapidly growing countries like Germany and the Netherlands. Sustainability and regulatory factors will be key influencers. Monitoring how these countries respond to ecological and economic pressures will be essential for understanding long-term changes in market dynamics.
Top countries in Fresh European Hake Production in Capture Fisheries Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 43.69 | 2023 | -5.96% | -6.42% | View data |
| 2 | 2 United Kingdom | 15.08 | 2023 | +1.98% | +2.16% | View data |
| 3 | 3 Italy | 13.49 | 2023 | +0.82% | -3.8% | View data |
| 4 | 4 France | 12.27 | 2023 | -2.57% | -1.74% | View data |
| 5 | 5 Greece | 7.97 | 2023 | -2.93% | -0.027% | View data |
| 6 | 6 Denmark | 3.31 | 2023 | +1.65% | -6.92% | View data |
| 7 | 7 Portugal | 1.6 | 2023 | -2.07% | +5.3% | View data |
| 8 | 8 Croatia | 1.39 | 2023 | -6.99% | +2.83% | View data |
| 9 | 9 Norway | 1.07 | 2023 | +2.16% | +10.87% | View data |
| 10 | 10 Belgium | 0.041 | 2023 | -24.93% | +6.28% | View data |
