As of 2023, Cyprus leads European hake production in capture fisheries, with Italy and Greece trailing behind. Notably, Cyprus and Germany exhibited impressive growth rates of 8.07% and 8.13%, respectively, marking them as significant contributors. In contrast, Italy and the United Kingdom saw declines in their production values, by 0.92% and 0.27%, respectively. The compound annual growth rate over the past five years shows a varied landscape across countries, with notable resilience and growth in Northern and Eastern European nations like Norway and Germany.
Future trends to watch include the potential for increased production efficiency and innovation in capture technologies. Additionally, market shifts may be influenced by environmental policies and sustainability standards, affecting both the volume and value of European hake fisheries.
Top countries in Total European Hake Production in Capture Fisheries by Country
| # | 10 Countries | Euros Per Metric Ton | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Cyprus | 10,480 | 2023 | +4.84% | +8.07% | View data |
| 2 | 2 Italy | 7,030 | 2023 | +0.47% | -0.92% | View data |
| 3 | 3 Greece | 6,620 | 2023 | +2.12% | +0.35% | View data |
| 4 | 4 Slovenia | 6,000 | 2023 | +5.84% | +0.064% | View data |
| 5 | 5 Sweden | 4,260 | 2023 | -0.37% | +2.5% | View data |
| 6 | 6 Spain | 4,260 | 2023 | -0.61% | +0.52% | View data |
| 7 | 7 Croatia | 4,030 | 2023 | -3.17% | +0.099% | View data |
| 8 | 8 Denmark | 3,720 | 2023 | +4.61% | +5.58% | View data |
| 9 | 9 Portugal | 3,580 | 2023 | +1.37% | +4.81% | View data |
| 10 | 10 France | 3,580 | 2023 | +0.23% | +3.39% | View data |
