In 2023, Cyprus led European Sharpsnout Seabream production with 2.47% growth in value per metric ton, €20.34k, while Malta showed a notable 24.74% increase to €10.19k. Croatia and Portugal saw moderate growth at 6.56% and 5.19% respectively. However, France, Italy, and Spain experienced declines, particularly Italy at -15.94%. France and Slovenia showed minor fluctuations, but Cyprus and Malta marked robust long-term growth. Over the past five years, the compound annual growth rates reflect Cyprus and Malta's dominance and resilience in the market.
Future trends to watch include sustainable practices and regulatory impacts on capture fisheries, potentially altering competitive dynamics. Increased demand within niche markets may also spur innovations in production methodologies.
Top countries in Total Sharpsnout Seabream Production in Capture Fisheries for Human Consumption by Country
| # | 8 Countries | Euros Per Metric Ton | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Cyprus | 20,340 | 2023 | +6.04% | +2.47% | View data |
| 2 | 2 Slovenia | 12,320 | 2023 | -10.68% | +1.33% | View data |
| 3 | 3 Malta | 10,190 | 2023 | +235.38% | +24.74% | View data |
| 4 | 4 Croatia | 8,470 | 2023 | -6.56% | +6.56% | View data |
| 5 | 5 France | 7,480 | 2023 | +8.64% | -4.73% | View data |
| 6 | 6 Portugal | 7,460 | 2023 | -0.93% | +5.19% | View data |
| 7 | 7 Italy | 5,400 | 2023 | -20.41% | -15.94% | View data |
| 8 | 8 Spain | 4,730 | 2023 | +6.7% | -1.84% | View data |
