In 2023, France led the European market for headed gutted fresh European hake with a value of 4.15 thousand Euros per metric ton, showing a year-on-year increase of 4.84%. Spain and the UK followed, with slight declines of 5.22% and 8.35% respectively. Norway's production value stood at 2.13 thousand Euros per metric ton, experiencing an increase of 18.96%. The Netherlands maintained a stable output at 2.24 thousand Euros per metric ton. Over the past five years, compound annual growth rates have varied, indicating fluctuating market dynamics.
Looking ahead, several trends should be noted:
- Environmental regulations and sustainable fishing practices may increasingly influence production costs and market dynamics.
- Technological advancements in fishing and production could enhance efficiency and competitiveness.
- Shifts in consumer demand towards eco-friendly and sustainable seafood options might shape future production and export strategies.
- Brexit's impact on UK fisheries agreements could alter trade and production patterns in the region.
- Potential economic recoveries in post-pandemic Europe may drive demand for European hake.
Top countries in Headed Gutted Fresh European Hake Production in Capture Fisheries by Country
| # | 5 Countries | Euros Per Metric Ton | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 4,150 | 2023 | -3.64% | +4.84% | View data |
| 2 | 2 Spain | 3,530 | 2023 | -6.09% | -5.22% | View data |
| 3 | 3 United Kingdom | 3,510 | 2023 | +1.22% | -8.35% | View data |
| 4 | 4 Netherlands | 2,240 | 2021 | -35.23% | View data | |
| 5 | 5 Norway | 2,130 | 2023 | +7.78% | +18.96% | View data |
