As of 2023, Norway leads the European capture fisheries production of cods, hakes, and haddocks, holding a substantial share of 41.06%, reflecting market dominance. Iceland follows with 25.25%, while Spain and the United Kingdom capture 11.12% and 9.06% respectively. Notable decreases in market share were recorded in Spain, France, and Germany, highlighting potential challenges such as market fluctuations or shifts in fishery policies. In contrast, Portugal, Bulgaria, Cyprus, and Estonia demonstrated positive growth, with Bulgaria experiencing a remarkable 59.63% year-on-year increase, emphasizing regional gains.
Looking ahead, the European capture fisheries market may be influenced by policy shifts, sustainability efforts, and economic factors. Specifically, Norway and Iceland may continue to lead, but countries like Portugal and Bulgaria could emerge with increased shares due to innovations and strategic investments. Monitoring regulatory changes, especially regarding quotas and sustainability initiatives, alongside advancements in fishing technologies, will be crucial for stakeholders to navigate potential fluctuations in the sector.
Top countries in Total Cods, Hakes and Haddocks Production in Capture Fisheries Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 41.06 | 2023 | +1.59% | +0.93% | View data |
| 2 | 2 Iceland | 25.25 | 2023 | +0.74% | +2.22% | View data |
| 3 | 3 Spain | 11.12 | 2023 | -3.3% | -2.26% | View data |
| 4 | 4 United Kingdom | 9.06 | 2023 | +1.97% | +2.11% | View data |
| 5 | 5 Denmark | 3.55 | 2022 | +15.47% | View data | |
| 6 | 6 France | 3.52 | 2023 | -3.45% | -2.94% | View data |
| 7 | 7 Italy | 1.75 | 2023 | +3.64% | -4.17% | View data |
| 8 | 8 Greece | 0.99 | 2023 | -0.13% | +0.16% | View data |
| 9 | 9 Germany | 0.95 | 2023 | -10.34% | -8.56% | View data |
| 10 | 10 Portugal | 0.81 | 2023 | +20.31% | +4.14% | View data |
