The European seafood sector in 2023 showed notable differences by country. France led with a production value of 2.45 billion Euros, an increase of 0.89% from the previous year. Greece and Germany faced declines, with Greece seeing a substantial downturn of 0.98%. In contrast, Portugal and Cyprus demonstrated strong growth, with increments of 2.91% and 4.1% respectively. Smaller markets like Slovenia and Slovakia showed modest improvements. The sector’s Compound Annual Growth Rate (CAGR) over the last five years highlights steady, modest growth.
Looking ahead, key trends include potential increases in sustainable aquaculture practices and technological innovation aimed at boosting efficiency. Monitoring environmental policies and their impact on seafood production will be crucial for future assessments, especially considering the European Union's regulatory environment. Additionally, the fluctuating global demand for seafood, driven by health trends and population growth, is likely to influence production levels and investments across these countries.
Top countries in Output of Seafood by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 2,450 | 2023 | +3.59% | +0.89% | View data |
| 2 | 2 Greece | 854.49 | 2023 | -1.01% | -0.98% | View data |
| 3 | 3 Portugal | 678.36 | 2023 | +1.81% | +2.91% | View data |
| 4 | 4 Germany | 506 | 2023 | +1.81% | -0.27% | View data |
| 5 | 5 Croatia | 327.64 | 2023 | +1.39% | -0.36% | View data |
| 6 | 6 Finland | 250 | 2023 | +2.46% | +2.5% | View data |
| 7 | 7 Belgium | 134.63 | 2023 | +0.47% | +1.77% | View data |
| 8 | 8 Estonia | 97.29 | 2023 | +5.7% | +2.27% | View data |
| 9 | 9 Cyprus | 64.9 | 2023 | +8.4% | +4.1% | View data |
| 10 | 10 Slovenia | 14.75 | 2023 | +0.29% | +1.05% | View data |
