Spain, holding the largest share of whole fresh European hake production, saw a decline of 7.39% in 2023. Italy, with the second-largest share, also experienced a decrease of 3.4%, while Greece’s production slightly increased by 0.25%. France and Portugal reported notable declines of 9.55% and 3.36% respectively. Interestingly, Ireland showed significant growth with a 29.78% increase, and Norway's production surged by 299%, indicating a shifting landscape. Minor players like Denmark, Slovenia, and Cyprus all reported positive growth, with particularly strong increases in Sweden at 58.92%. The Compound Annual Growth Rate (CAGR) over the past five years, however, provides an average context for these variations.
Future trends suggest a potential shift in production dominance, with countries like Norway and smaller producers showing strong growth momentum. Spain and Italy may need to address declining trends, and there is an opportunity for new entrants to innovate within sustainable fisheries practices. Attention to regulatory changes, environmental impacts, and market demand can shape the competitive dynamics of whole fresh European hake production.
Top countries in Whole Fresh European Hake Production in Capture Fisheries Share by Country (Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 44.43 | 2023 | +12.09% | -7.39% | View data |
| 2 | 2 Italy | 24.82 | 2023 | -2.17% | -3.4% | View data |
| 3 | 3 Greece | 16.5 | 2023 | -1.92% | +0.25% | View data |
| 4 | 4 France | 5.1 | 2023 | -7.97% | -9.55% | View data |
| 5 | 5 Croatia | 4.69 | 2023 | -1.3% | +3.29% | View data |
| 6 | 6 Portugal | 3.75 | 2023 | +4.18% | -3.36% | View data |
| 7 | 7 Ireland | 0.47 | 2023 | +5.51% | +29.78% | View data |
| 8 | 8 Norway | 0.41 | 2023 | +94.34% | +299% | View data |
| 9 | 9 Denmark | 0.057 | 2023 | +89.6% | +7.95% | View data |
| 10 | 10 Slovenia | 0.013 | 2023 | -7.53% | +8.64% | View data |
