In 2023, Spain led European Whole Fresh Blue and Red Shrimp Production in Capture Fisheries with the highest value at 41.97 thousand euros per metric ton. Portugal followed closely with 29.08, while Italy, Malta, and Cyprus had values of 24.26, 21.56, and 20.9, respectively. Notably, Malta experienced the largest year-on-year increase in 2023 at 6.83%, followed by Spain at 4.9% and Italy at 1.64%. Other countries showed a modest rise, with Cyprus and Portugal seeing marginal increases. Over the past five years, a consistent growth trend suggests an average annual increase across these countries, indicating a sustained upward trend in shrimp production value.
Future trends to watch in the European whole fresh shrimp market might include:
- Increasing demand for sustainable fisheries impacting production techniques.
- Technological advancements potentially enhancing capture efficiency.
- Potential economic or environmental challenges affecting production costs and pricing.
- Market expansion beyond traditional European markets, targeting global demand.
Top countries in Whole Fresh Blue and Red Shrimp Production in Capture Fisheries by Country
| # | 5 Countries | Euros Per Metric Ton | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 41,970 | 2023 | +9.15% | +4.9% | View data |
| 2 | 2 Portugal | 29,080 | 2023 | +24.59% | +0.8% | View data |
| 3 | 3 Italy | 24,260 | 2023 | -6.71% | +1.64% | View data |
| 4 | 4 Malta | 21,560 | 2023 | -30.98% | +6.83% | View data |
| 5 | 5 Cyprus | 20,900 | 2023 | +2.46% | +0.52% | View data |
