In 2023, Finland was the leader in European smelt production for human consumption, making up a significant share of the market with 38.99%. Estonia held the second-largest share at 25.47%, while Latvia and Lithuania followed. These top four countries significantly overshadow other European countries like France, Netherlands, and Germany. Year-on-year, Estonia showed a remarkable increase of 10.46% in smelt production value, while Finland had a modest rise of 1.22%. Sweden had an exceptional growth rate of 114.96% from a minimal base.
Looking ahead, the smelt production market in Europe is expected to consolidate, with Northern European countries potentially increasing their dominance. Rising environmental concerns and regulation could impact future projections, with sustainable practices gaining more importance. Volatility in production levels may also affect market dynamics, as countries adapt their fishing strategies.
Top countries in Total 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 | 38.99 | 2023 | +3.94% | +1.22% | View data |
| 2 | 2 Estonia | 25.47 | 2023 | -19.34% | +10.46% | View data |
| 3 | 3 Latvia | 22.07 | 2023 | +260.83% | -3.14% | View data |
| 4 | 4 Lithuania | 19.41 | 2023 | +4.32% | -1.56% | View data |
| 5 | 5 France | 6.97 | 2023 | +3.62% | -2.74% | View data |
| 6 | 6 Netherlands | 1.64 | 2022 | -74.4% | -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 | 0.011 | 2023 | +2.1% | -2.49% | View data |
