In 2023, Norway dominated the European sold production of dried fish, holding 51.51% of the total share in Euros, indicative of its robust industry presence. Portugal (21.98%) and Spain (13.58%) were other significant contributors. Italy maintained 5.57%, while nations like France (0.71%) and Estonia (0.55%) held smaller shares. From a year-on-year perspective, Portugal increased by 3.29%, while Estonia saw a remarkable 13.85% growth. Conversely, Finland (-2.63%), Poland (-2.63%), and Croatia (-6.81%) experienced declines. Over the last five years, the Compound Annual Growth Rate (CAGR) paints a broader trend of gradual consolidation in leading nations and fluctuations in smaller markets.
Future trends to watch in the European dried fish market include potential increases in market share for Portugal and Estonia given their upward trends, and a need for strategic shifts in Finland, Croatia, and Poland to counter their declines. Innovations in product offerings and sustainability practices could also play a significant role in influencing market dynamics in the coming years.
Top countries in Sold Production of Dried FIsh Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 51.51 | 2023 | +3.05% | +0.27% | View data |
| 2 | 2 Portugal | 21.98 | 2023 | +1.44% | +3.29% | View data |
| 3 | 3 Spain | 13.58 | 2023 | +8.09% | -0.3% | View data |
| 4 | 4 Italy | 5.57 | 2021 | +208.03% | +12.1% | View data |
| 5 | 5 France | 0.71 | 2021 | +84.9% | View data | |
| 6 | 6 Estonia | 0.55 | 2023 | +1.39% | +13.85% | View data |
| 7 | 7 Lithuania | 0.43 | 2023 | +0.45% | +0.62% | View data |
| 8 | 8 Finland | 0.4 | 2023 | +1.85% | -2.63% | View data |
| 9 | 9 Croatia | 0.38 | 2023 | -4.74% | -6.81% | View data |
| 10 | 10 Poland | 0.37 | 2023 | -3.34% | -2.63% | View data |
