In 2023, Norway was the dominant producer of Fresh Velvet Belly in European capture fisheries with 166.73 metric tons, reflecting a 12.24% year-on-year growth. France showed the highest growth rate with a 58.74% increase. Other countries like Spain, Denmark, and Italy had lower production values of 3.51, 1.1, and 0.4 metric tons, respectively. Over the last five years, the compound annual growth rate (CAGR) indicates modest increases, with Norway maintaining a strong position.
For future trends in European Fresh Velvet Belly production, consider:
- Norway's continued dominance and potential expansion strategies.
- Emerging growth opportunities in France, potentially influencing its market position.
- The impact of environmental policies and sustainable fishing practices on production levels.
- Technological advancements in fisheries that might enhance yields and efficiencies.
Top countries in Fresh Velvet Belly Production in Capture Fisheries by Country
| # | 5 Countries | Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 166.73 | 2023 | +23.25% | +12.24% | View data |
| 2 | 2 Spain | 3.51 | 2022 | +31.95% | +1.3% | View data |
| 3 | 3 Denmark | 1.1 | 2021 | -21.43% | View data | |
| 4 | 4 France | 0.8 | 2023 | +14.29% | +58.74% | View data |
| 5 | 5 Italy | 0.4 | 2022 | View data |
