In 2023, Iceland dominated European fresh Atlantic cod production, capturing 91.1% of the market. The United Kingdom followed distantly with 6.39%, while other countries, such as Denmark (0.97%) and Norway (0.36%), contributed marginally. Despite Iceland's slight growth of 2.78%, countries like Denmark and France faced declines, reflecting a trend towards consolidation in leading markets. Estonia showed a significant increase in production, with a 37.73% rise. The five-year average growth rate reveals a strengthening position for Iceland while showing declines for several smaller producers due to various regulatory and ecological challenges.
Future trends to watch include the impact of sustainability regulations affecting quotas and the technological advancements in fishing practices, which could reshuffle market shares in Europe's cod production landscape. Additionally, climate change effects on fish habitats could further alter production dynamics in coming years.
Top countries in Fresh Atlantic Cod Production in Capture Fisheries Share by Country (Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Iceland | 91.1 | 2023 | +3.38% | +2.78% | View data |
| 2 | 2 United Kingdom | 6.39 | 2023 | +2.52% | -0.55% | View data |
| 3 | 3 Denmark | 0.97 | 2023 | -34.3% | -27.2% | View data |
| 4 | 4 Norway | 0.36 | 2022 | -16.7% | -65.13% | View data |
| 5 | 5 Netherlands | 0.21 | 2023 | -24.66% | +4.23% | View data |
| 6 | 6 France | 0.16 | 2023 | +82.99% | -37.34% | View data |
| 7 | 7 Sweden | 0.065 | 2022 | -40.45% | -46.16% | View data |
| 8 | 8 Lithuania | 0.06 | 2023 | +29580% | -16.46% | View data |
| 9 | 9 Poland | 0.048 | 2022 | -52.72% | -57.45% | View data |
| 10 | 10 Belgium | 0.022 | 2023 | +92.85% | -17.46% | View data |
