In 2023, Norway led global exports in fishing vessels and factory ships with the largest market share, followed by Poland, Spain, and China. Significant growth in market share was noted for Canada and Saudi Arabia, with remarkable increases of over 66% and 90%, respectively. Iceland and Kuwait also experienced substantial growth, while the United Arab Emirates and Bahrain faced sharp declines. Romania and other European countries like Croatia and Portugal reported declines as well, reflecting potential shifts in industry dynamics.
Future trends to watch include:
- Increased demand for environmentally-friendly and energy-efficient vessels.
- Shifts towards digital technology integration in vessel operations.
- Emerging markets in regions like Africa and Southeast Asia gaining market presence.
- Regulatory changes influencing export capabilities and competitive landscapes.
Top countries in Export of Fishing Vessels and Factory Ships Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 23.84 | 2023 | +4.07% | +1.7% | View data |
| 2 | 2 Poland | 14.69 | 2023 | +0.57% | +3.74% | View data |
| 3 | 3 Spain | 13.71 | 2023 | +2.49% | -1.34% | View data |
| 4 | 4 China | 12.76 | 2023 | +4.44% | +2% | View data |
| 5 | 5 Denmark | 12.3 | 2023 | +4.5% | +7.98% | View data |
| 6 | 6 Iceland | 3.94 | 2023 | +1.82% | +11.02% | View data |
| 7 | 7 Greenland | 2 | 2023 | +1.19% | +3.98% | View data |
| 8 | 8 Cyprus | 1.63 | 2023 | +5.84% | +2.02% | View data |
| 9 | 9 Japan | 1.44 | 2023 | -0.0055% | +12.1% | View data |
| 10 | 10 Germany | 1.43 | 2023 | +6.29% | +5.88% | View data |
