In 2023, Spain led the European hake production market with a share of 47.5% in capture fisheries for human consumption. Italy followed with 14.46%, while France held 13.2%. Greece, the United Kingdom, and other countries like Denmark and Norway contributed smaller shares. Notable year-on-year changes include a decline in Spain's production by 6.17%, while Norway experienced a substantial increase of 26.57%. Germany and Cyprus also saw significant growth at 34.61% and 12.56%, respectively. Over the past five years, the compound annual growth rate (CAGR) shows a diverse performance across these countries.
Future trends to watch include Spain's potential attempts to stabilize or regain market share amidst declining figures. Norway's increasing trend suggests a competitive push in the European hake market. Additionally, Germany and Cyprus may continue their growth trajectory, contributing to changes in market dynamics over the coming years.
Top countries in Total European Hake Production in Capture Fisheries for Human Consumption Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 47.5 | 2023 | -4.71% | -6.17% | View data |
| 2 | 2 Italy | 14.46 | 2023 | +0.8% | -3.81% | View data |
| 3 | 3 France | 13.2 | 2023 | -2.23% | -1.64% | View data |
| 4 | 4 Greece | 8.55 | 2023 | -2.93% | -0.027% | View data |
| 5 | 5 United Kingdom | 5.74 | 2023 | +4.19% | +3.95% | View data |
| 6 | 6 Denmark | 3.55 | 2023 | +3% | -6.67% | View data |
| 7 | 7 Norway | 3.43 | 2023 | +11.61% | +26.57% | View data |
| 8 | 8 Portugal | 1.85 | 2023 | +1.53% | +5.31% | View data |
| 9 | 9 Croatia | 1.49 | 2023 | -6.99% | +2.83% | View data |
| 10 | 10 Netherlands | 0.12 | 2023 | +35.58% | +6.58% | View data |
