By 2023, Italy led European Flying Squid capture fisheries in value, at €47.08m, followed by Spain at €33.54m and Ireland at €15.3m. Norway experienced significant growth, nearly doubling its share with a 93.31% increase. Conversely, Spain's share decreased by 9.05%. Portugal and Iceland showed upward trends, with 35.7% and 58.01% increases, respectively. Notably, the Netherlands and Sweden remained minor contributors. Over the past five years, Italy and Iceland's compound annual growth rates (CAGR) highlight stability and growth, whereas Spain's decline suggests shifting dynamics.
Future trends to watch include Italy and Ireland's continued expansion, Norway’s potential market disruption, and Spain's strategic efforts to regain growth. Innovations in sustainable fishing and climate change impacts on squid population may significantly alter the market landscape.
Top countries in Total European Flying Squid Production in Capture Fisheries Share by Country (Euros)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 47.08 | 2023 | -13.26% | +26.77% | View data |
| 2 | 2 Spain | 33.54 | 2023 | -7.1% | -9.05% | View data |
| 3 | 3 Ireland | 15.3 | 2023 | +7.07% | +16.6% | View data |
| 4 | 4 Norway | 4.97 | 2023 | +59.88% | +93.31% | View data |
| 5 | 5 Netherlands | 0.34 | 2022 | View data | ||
| 6 | 6 Portugal | 0.15 | 2023 | +12% | +35.7% | View data |
| 7 | 7 Sweden | 0.11 | 2022 | -77.37% | View data | |
| 8 | 8 Iceland | 0.066 | 2023 | +5.98% | +58.01% | View data |
