In 2024, Denmark leads European lumpfish lumpsucker capture fisheries with a value of 3.1518 million euros, followed by Norway at 2.7244 million euros. Sweden, Germany, Netherlands, and the United Kingdom contribute substantially smaller amounts. From 2023, Denmark and Norway saw positive growth at 6.16% and 7.51% respectively. Meanwhile, Sweden, Germany, and the Netherlands experienced declines, with Germany and the Netherlands facing the most significant reductions of over 14%. The UK showed an unusual growth spike of 15.66%, though its overall impact remains minimal. The 5-year CAGR paints a challenging picture for smaller producers.
Future trends to watch in European total lumpfish lumpsucker production include potential market shifts influenced by sustainability efforts, evolving consumer preferences, and advancements in fisheries technologies. Continuous monitoring of Denmark and Norway's growth strategies, alongside exploring new markets, will be essential for industry stakeholders.
Top countries in Total Lumpfish Lumpsucker Production in Capture Fisheries by Country
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 3,151,800 | 2023 | +23.95% | +6.16% | View data |
| 2 | 2 Norway | 2,724,400 | 2023 | +0.056% | +7.51% | View data |
| 3 | 3 Sweden | 189,790 | 2023 | +51.48% | -2.06% | View data |
| 4 | 4 Germany | 888.28 | 2023 | +237.69% | -14.51% | View data |
| 5 | 5 Netherlands | 225.03 | 2023 | +367.23% | -14.23% | View data |
| 6 | 6 United Kingdom | 40.33 | 2023 | -3.5% | +15.66% | View data |
