In 2023, Portugal led the European frozen fish market with a value of €1.0087 billion, demonstrating a robust 1.37% year-on-year growth. Italy followed with €0.61361 billion, showing a modest growth of 1.03%. Bulgaria experienced the highest surge with a 3.1% increase, despite its market size being relatively smaller at €0.05274 billion. Conversely, Romania and the Czech Republic saw declines, with decreases of 0.075% and 1.0%, respectively. Over the past five years, the average yearly growth (CAGR) illustrates divergent growth patterns across these markets, emphasizing Portugal and Italy's steady gains against the Eastern European markets' fluctuating dynamics.
Future trends to watch in the European frozen fish market include:
- Increasing health consciousness driving demand for fish as a protein source.
- Potential impact of climate change and sustainability concerns on supply chains.
- Technological innovations improving supply chain efficiency and product quality.
- Shifts in consumer preferences towards locally sourced and eco-friendly products.
Top countries in Frozen Fish Market Size Value by Country
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 1,008,700,000 | 2023 | +1.77% | +1.37% | View data |
| 2 | 2 Italy | 613,610,000 | 2023 | +0.2% | +1.03% | View data |
| 3 | 3 Romania | 99,550,000 | 2023 | +3.67% | -0.075% | View data |
| 4 | 4 Bulgaria | 52,740,000 | 2023 | +2.18% | +3.1% | View data |
| 5 | 5 Czech Republic | 15,733,000 | 2023 | -1.18% | -1% | View data |
