In 2023, Spain led European Fresh Northern Prawn production in capture fisheries with a value of 14.44 thousand euros per metric ton, exhibiting a strong year-on-year growth of 26.41%. The United Kingdom followed with a value of 13.29, though it experienced a decline of 5.78%. Italy recorded a value of 12.96, with a slight increase of 2.85%. Ireland's production stood at 8.92, with minimal growth of 0.34%, while France had a value of 8.00. Norway, Iceland, Denmark, and Sweden had lower production values at 3.88, 2.71, 1.98, and 1.76 respectively, with variations of 2.41%, 0.94%, -4.68%, and -3.15% respectively over the previous year.
Future trends to watch for in European Fresh Northern Prawn production include potential market shifts due to environmental regulations, technological advancements in fishing methods, and changing consumer preferences. Additionally, economic factors such as fuel prices and labor costs could impact production costs and profitability. Monitoring these trends will be crucial for stakeholders looking to navigate this dynamic market.
Top countries in Fresh Northern Prawn Production in Capture Fisheries by Country
| # | 9 Countries | Euros Per Metric Ton | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 14,440 | 2023 | -4.8% | +26.41% | View data |
| 2 | 2 United Kingdom | 13,290 | 2023 | -0.52% | -5.78% | View data |
| 3 | 3 Italy | 12,960 | 2023 | -2.27% | +2.85% | View data |
| 4 | 4 Ireland | 8,920 | 2023 | +7.22% | +0.34% | View data |
| 5 | 5 France | 8,000 | 2022 | View data | ||
| 6 | 6 Norway | 3,880 | 2023 | +17.12% | +2.41% | View data |
| 7 | 7 Iceland | 2,710 | 2023 | +8.76% | +0.94% | View data |
| 8 | 8 Denmark | 1,980 | 2023 | +0.82% | -4.68% | View data |
| 9 | 9 Sweden | 1,760 | 2023 | -25.86% | -3.15% | View data |
