The seafood market in Croatia reached a value of 115.55 million Euros in 2023. Over the past decade, the market showed moderate growth with some fluctuations, most notably a decline in 2020. Year-on-year growth rates from 2013 to 2023 varied, with significant fluctuations early in the decade, stabilizing to marginal increases since 2021. The compound annual growth rate (CAGR) from 2018 to 2023 indicates a sluggish growth of 0.15% annually. This pattern suggests a relatively mature market with limited growth potential without significant innovation or external influence.
Future trends to watch for in Croatia's seafood market include:
- Adoption of sustainable fishing practices, which may influence supply and consumer demand.
- Potential impact of climate change on seafood availability and pricing.
- Consumer shifts towards plant-based seafood alternatives due to health and environmental concerns.
- Increased demand for premium and locally-sourced seafood products.
How does Croatia rank in Seafood Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 8,625,000,000 | 2023 | +0.43% | +1.35% | View data |
| 2 | 2 France | 5,603,800,000 | 2023 | -0.7% | -2.49% | View data |
| 3 | 3 Italy | 5,246,900,000 | 2023 | -0.44% | +2.33% | View data |
| 4 | 4 United Kingdom | 5,237,500,000 | 2023 | +0.09% | -1.24% | View data |
| 5 | 5 Germany | 4,720,100,000 | 2023 | +1.3% | -1.97% | View data |
| 10 | 10 Austria | 260,490,000 | 2023 | +0.46% | +0.59% | View data |
| 11 | 11 Czech Republic | 245,310,000 | 2023 | +3.98% | +6.24% | View data |
| 12 | 12 Croatia | 115,550,000 | 2023 | +0.49% | +0.15% | |
| 13 | 13 Slovakia | 65,643,000 | 2023 | -0.37% | -0.56% | View data |
| 14 | 14 Hungary | 58,906,000 | 2023 | +1.95% | +1.95% | View data |
