In 2023, Iceland and Norway dominated the European fresh Atlantic cod production market for human consumption, with Iceland holding a substantial 58.24% and Norway 36.24% market share in euros. Denmark and the United Kingdom also contributed significantly, albeit at much lower levels of 2.68% and 1.81% respectively. Smaller contributions came from other countries, including the Netherlands and France, with shares under 1%.
Key variations from 2023 show that Iceland experienced a positive growth of 4.46%, whereas Norway saw a decrease of 6.53%. Denmark's production fell by 14.73%, while the United Kingdom increased by 5.51%. The Netherlands showed strong growth at 12.82%, contrasting with France’s sharp decline of 39.33%. Over the last five years, the sector experienced varied compound annual growth rates across countries, impacting the overall market landscape.
Looking forward, the European fresh Atlantic cod market is expected to face challenges, but there are opportunities for growth, particularly due to potential increases in demand driven by shifts in consumer preferences towards sustainable seafood. Thus, countries with robust certifications and sustainable fishing practices may benefit from altered trade dynamics and enhanced market share.
Top countries in Fresh Atlantic Cod Production in Capture Fisheries for Human Consumption Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Iceland | 58.24 | 2023 | +4.15% | +4.46% | View data |
| 2 | 2 Norway | 36.24 | 2023 | +0.065% | -6.53% | View data |
| 3 | 3 Denmark | 2.68 | 2023 | -4.93% | -14.73% | View data |
| 4 | 4 United Kingdom | 1.81 | 2023 | +4.71% | +5.51% | View data |
| 5 | 5 Netherlands | 0.33 | 2023 | -17.87% | +12.82% | View data |
| 6 | 6 France | 0.21 | 2023 | +15.72% | -39.33% | View data |
| 7 | 7 Sweden | 0.12 | 2022 | -11.07% | -32.11% | View data |
| 8 | 8 Belgium | 0.053 | 2023 | -3.19% | -22.75% | View data |
| 9 | 9 Poland | 0.039 | 2022 | -50.12% | -53.18% | View data |
| 10 | 10 Finland | 0.02 | 2023 | +66.65% | +5.89% | View data |
