In 2023, Spain led European sardine production in capture fisheries with a share of 23.99%, despite experiencing a slight year-over-year decline of 2.5%. Portugal followed at 18.23%, marking a notable growth of 5.31%. The Netherlands and France held significant shares at 13.35% and 13.26%, with the Netherlands seeing a substantial increase of 17.03%, while France faced a 4.02% decline. Italy, Croatia, and Greece maintained moderate shares, each with minor reductions except Greece, which saw a marginal decline. The UK and Denmark had minimal shares, although Norway's share surged by 177.28%, highlighting volatility.
Future trends to watch include:
- Potential market consolidations, especially influenced by Spain's and France's decreasing shares.
- Continued growth for Portugal and the Netherlands, possibly driving strategic alliances.
- Technological advancements in capture fisheries could redefine production efficiency and output sustainability.
- Regulatory changes, particularly those addressing overfishing and environmental impact, could significantly impact shares.
- Market fluctuations influenced by climate change, affecting sardine habitat and availability.
Top countries in Total Sardine Production in Capture Fisheries Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 23.99 | 2023 | -5.89% | -2.5% | View data |
| 2 | 2 Portugal | 18.23 | 2023 | -0.031% | +5.31% | View data |
| 3 | 3 Netherlands | 13.35 | 2023 | +39.92% | +17.03% | View data |
| 4 | 4 France | 13.26 | 2023 | -3.72% | -4.02% | View data |
| 5 | 5 Italy | 11.76 | 2023 | +17.04% | -6.36% | View data |
| 6 | 6 Croatia | 11.1 | 2023 | -20.05% | -2.43% | View data |
| 7 | 7 Greece | 10.56 | 2023 | +3.78% | -0.61% | View data |
| 8 | 8 United Kingdom | 2.3 | 2023 | +3.59% | +1.9% | View data |
| 9 | 9 Denmark | 0.83 | 2022 | +1470% | View data | |
| 10 | 10 Norway | 0.016 | 2023 | +67.79% | +177.28% | View data |
