In 2023, the European fresh capelin market showed significant disparity among countries. Iceland led with production valued at €65.663 million, followed by Norway at €39.061 million. France contributed modestly with €0.01521 million, while Spain and Portugal had negligible outputs, Spain seeing a complete halt in production. The year-on-year variation in 2023 showed Spain's drastic 100% decrease and a notable 18.67% decline in Portugal. The compound annual growth rate (CAGR) over the past five years depicts fluctuating trends, varying widely by country.
Future trends to monitor in the European capelin market include sustainability in fishery practices and innovation in seafood processing. Norway and Iceland's adaptation to regulatory changes and environmental factors are critical to maintaining market dominance. Also, France's potential in minor market segments could prompt strategic adjustments. Attention should be paid to any policy changes within the EU affecting fishing quotas, which might affect production outputs in coming years.
Top countries in Fresh Capelin Production in Capture Fisheries for Human Consumption by Country
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Iceland | 65,663,000 | 2021 | +9% | View data | |
| 2 | 2 Norway | 39,061,000 | 2021 | +20.67% | View data | |
| 3 | 3 France | 15,210 | 2022 | -66.86% | View data | |
| 4 | 4 Spain | 240.28 | 2023 | -17.21% | View data | |
| 5 | 5 Portugal | 20.16 | 2023 | -0.044% | -18.67% | View data |
