In 2023, Finland led the European Whole Fresh Smelt production market in capture fisheries for human consumption, accounting for approximately 39.14% of the market share, followed by Estonia with a 25.57% share. Other key players included Latvia, Lithuania, and France with respective shares of 22.16%, 19.49%, and 6.65%. The Netherlands, Germany, Denmark, Poland, the United Kingdom, and Sweden held smaller shares. Notably, Sweden experienced a significant year-on-year increase of 114.96% in 2023, while Estonia also saw a considerable rise of 16.29%. In contrast, Finland's growth was modest at 1.22%.
Future trends to monitor include the continuous expansion of Sweden's and the United Kingdom's market shares, driven by growing investments in sustainable fishing practices. Estonia's upward trajectory suggests potential dominance in Northern European markets. Conversely, the declining shares of Latvia and Lithuania may indicate market challenges or shifts in export strategies. Monitoring geopolitical and environmental factors will be crucial, as they could greatly impact production capabilities and market dynamics.
Top countries in Whole Fresh European Smelt Production in Capture Fisheries for Human Consumption Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 39.14 | 2023 | +3.94% | +1.22% | View data |
| 2 | 2 Estonia | 25.57 | 2023 | +4.34% | +16.29% | View data |
| 3 | 3 Latvia | 22.16 | 2023 | +260.83% | -3.14% | View data |
| 4 | 4 Lithuania | 19.49 | 2023 | +4.32% | -1.56% | View data |
| 5 | 5 France | 6.65 | 2023 | +3.62% | -2.73% | View data |
| 6 | 6 Netherlands | 1.65 | 2022 | -74.05% | -36.55% | View data |
| 7 | 7 Germany | 0.39 | 2022 | +61.91% | View data | |
| 8 | 8 Denmark | 0.36 | 2022 | -58.3% | -2.34% | View data |
| 9 | 9 Poland | 0.28 | 2022 | +13.41% | +82.23% | View data |
| 10 | 10 United Kingdom | 0.014 | 2023 | +6.14% | +3.12% | View data |
