In 2023, Iceland's frozen, filleted Atlantic cod production for human consumption was valued at €84.684 million, showing a 10.09% growth from the previous year. Norway followed with €30.432 million and an 11.34% increase. Germany and Spain reported €19.922 million and €19.281 million, experiencing a -4.31% decline and a 48.12% surge, respectively. Portugal's contribution was minimal at €1.0513 million. Over the past five years, the compound annual growth rate (CAGR) analysis indicates a robust upward trajectory, particularly for Iceland and Spain, contrasting Germany's slight downward trend.
Future trends to watch for include sustainability initiatives, changes in consumer preferences towards certified products, and the influence of geopolitical factors on fishing quotas and trade. Shifts in production technology and climate change impacts on fish stock might also reshape industry dynamics.
Top countries in Frozen, Filleted Atlantic Cod Production in Capture Fisheries for Human Consumption by Country
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Iceland | 84,684,000 | 2023 | +3.51% | +10.09% | View data |
| 2 | 2 Norway | 30,432,000 | 2023 | +5% | +11.34% | View data |
| 3 | 3 Germany | 19,922,000 | 2023 | +1.23% | -4.31% | View data |
| 4 | 4 Spain | 19,281,000 | 2023 | +7.13% | +48.12% | View data |
| 5 | 5 Portugal | 1,051,300 | 2022 | View data |
