The data from 2023 highlights Spain's dominance in European hake production, with a 43.01% share, despite a 6.17% decline compared to the prior year. Notable increases are observed in Germany (28.15%), Norway (26.57%), and Cyprus (12.56%), while smaller economies like the Netherlands and Belgium also showed positive trends. In contrast, countries like Italy and Denmark experienced declines. Over a five-year period, the compounded annual growth rates (CAGR) indicate gradual shifts in share dynamics, showcasing evolving market dynamics and potential shifts in production methods and market demands.
Future trends to watch include technological advancements in fishing methods, sustainability practices influencing yields, and potential regulatory changes across regions that could alter national production shares. Observing the resilience of leading producers like Spain and the emerging growth of smaller players could redefine hake production geography within Europe.
Top countries in Total European Hake Production in Capture Fisheries Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 43.01 | 2023 | -4.71% | -6.17% | View data |
| 2 | 2 United Kingdom | 14.72 | 2023 | +1.99% | +2.17% | View data |
| 3 | 3 Italy | 13.09 | 2023 | +0.8% | -3.81% | View data |
| 4 | 4 France | 11.93 | 2023 | -2.57% | -1.71% | View data |
| 5 | 5 Greece | 7.74 | 2023 | -2.93% | -0.027% | View data |
| 6 | 6 Denmark | 3.22 | 2023 | +1.65% | -6.92% | View data |
| 7 | 7 Norway | 3.11 | 2023 | +11.61% | +26.57% | View data |
| 8 | 8 Portugal | 1.63 | 2023 | -1.63% | +4.65% | View data |
| 9 | 9 Croatia | 1.35 | 2023 | -6.99% | +2.83% | View data |
| 10 | 10 Netherlands | 0.11 | 2023 | +35.58% | +6.58% | View data |
