In 2023, Spain led European frozen seafood production with a value of 937.86 million euros, followed by Norway and Iceland with 711.06 and 263.15 million euros respectively. Portugal exhibited significant growth with an 11.4% increase, while the UK followed closely at 11.64%. France experienced a dramatic surge of 191.97%, despite its relatively small market. Meanwhile, the Netherlands, Germany, Italy, and Sweden observed declines. Looking at trends over the last five years, Spain, Norway, and Iceland showed steady growth with notable consistency.
Future trends to watch include technological advancements in sustainable fishing, which may alter production efficiencies across countries. Additionally, environmental regulations and shifts in consumer preferences towards sustainable seafood might significantly reshape market dynamics in the coming years.
Top countries in Frozen Seafood Production in Capture Fisheries for Human Consumption by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 937,860,000 | 2023 | -5.5% | +3.9% | View data |
| 2 | 2 Norway | 711,060,000 | 2023 | +6.15% | +3.48% | View data |
| 3 | 3 Iceland | 263,150,000 | 2023 | +2.03% | +3.41% | View data |
| 4 | 4 Netherlands | 214,380,000 | 2023 | +41.17% | -1.65% | View data |
| 5 | 5 Portugal | 46,943,000 | 2023 | -0.94% | +11.4% | View data |
| 6 | 6 Germany | 40,517,000 | 2023 | +47.85% | -2.35% | View data |
| 7 | 7 Italy | 29,344,000 | 2023 | +18.39% | -8.29% | View data |
| 8 | 8 United Kingdom | 14,500,000 | 2023 | +4.16% | +11.64% | View data |
| 9 | 9 France | 5,074,600 | 2023 | -65.42% | +191.97% | View data |
| 10 | 10 Denmark | 3,164,500 | 2023 | +3.96% | +36.73% | View data |