In 2023, Italy led European frozen shrimp and prawn production in capture fisheries for human consumption, valued at 31.9 thousand euros per metric ton. Portugal followed at 18.22, with Spain at 13.0. Notably, the Netherlands and France trailed behind with 8.17 and 5.81 respectively, while the UK and Germany were lower, alongside Iceland.
Year-on-year, 2023 saw Italy and Portugal grow by over 8%, while Spain increased by 4.23%. The Netherlands remained constant, and the UK faced a significant decline of 17.53%. Over a broader five-year span, the compound annual growth rate (CAGR) analysis would be insightful, particularly amid emerging market dynamics.
Future trends may hinge on shifts in consumer demand, advancements in sustainable fishing practices, and potential regulatory changes. Monitoring these factors can provide a clearer picture of growth opportunities and market shifts across Europe in the shrimp and prawn sector.
Top countries in Frozen Shrimps and Prawns Production in Capture Fisheries for Human Consumption by Country
| # | 8 Countries | Euros Per Metric Ton | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 31,900 | 2023 | +0.29% | +8.27% | View data |
| 2 | 2 Portugal | 18,220 | 2023 | +9.27% | +8.72% | View data |
| 3 | 3 Spain | 13,000 | 2023 | +17.09% | +4.23% | View data |
| 4 | 4 Netherlands | 8,170 | 2023 | +37.3% | View data | |
| 5 | 5 France | 5,810 | 2022 | View data | ||
| 6 | 6 United Kingdom | 4,330 | 2023 | -8.63% | -17.53% | View data |
| 7 | 7 Germany | 3,950 | 2023 | +2.02% | +3.13% | View data |
| 8 | 8 Iceland | 2,500 | 2023 | +6.53% | -1.51% | View data |
