Norway and Iceland dominate European Atlantic cod production, accounting for the majority share with EUR 690.32 million and EUR 553.34 million, respectively, in 2023. Significant growth was observed in Iceland, up by 4.89%, and in countries like Spain (7.07%) and the United Kingdom (7.89%). However, Denmark and France saw substantial decreases by 14.88% and 19.22%, respectively. Variability continues with declines in key producers, implying shifting industry dynamics. Noteworthy is the rise in the Netherlands by 16.09%, indicating potential strategic advancements or increased demand.
Future trends to watch include the effect of climatic changes on fish stocks, alterations in fishing quotas, sustainability regulations, and the adaptation of fishing operations across Europe. Iceland's growing capacity may continue to influence the market, and technological advancements could alter production efficiency.
Top countries in Total Atlantic Cod Production in Capture Fisheries for Human Consumption by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 690,320,000 | 2023 | +0.39% | -0.77% | View data |
| 2 | 2 Iceland | 553,340,000 | 2023 | +3.96% | +4.89% | View data |
| 3 | 3 Denmark | 21,686,000 | 2023 | -5.71% | -14.88% | View data |
| 4 | 4 Germany | 21,116,000 | 2023 | -5.49% | -7.1% | View data |
| 5 | 5 Spain | 20,268,000 | 2023 | -4.44% | +7.07% | View data |
| 6 | 6 United Kingdom | 20,144,000 | 2023 | +4.34% | +7.89% | View data |
| 7 | 7 Portugal | 8,772,500 | 2023 | +89.84% | -0.16% | View data |
| 8 | 8 France | 7,269,900 | 2023 | +2.96% | -19.22% | View data |
| 9 | 9 Netherlands | 3,153,500 | 2023 | -15.88% | +16.09% | View data |
| 10 | 10 Sweden | 1,002,600 | 2022 | -11.09% | -32.03% | View data |
