In 2023, Spain dominated the European market for fresh squid, cuttlefish, and octopus production, accounting for the largest share at 23.78% in Euros. Italy and France followed closely, with shares of 21.12% and 20.29%, respectively. Portugal, the United Kingdom, and Greece also held significant portions, while countries like Germany and Iceland had minimal contributions. Over the last two years, Spain and the Netherlands exhibited positive growth, with year-on-year increases of 2.21% and 10.99%. In contrast, Italy and Slovenia experienced notable declines of -9.37% and -8.96%, respectively.
For future trends, continued growth in sustainable capture practices may impact production shares. Countries like Norway and Iceland, showing substantial growth in 2023, might enhance their shares if the trend continues. Increased environmental regulations and consumer demand for sustainable seafood could reshape market dynamics. Technological advancements in fishing techniques and supply chain efficiencies may also play a crucial role in shaping Europe's fresh squid, cuttlefish, and octopus markets.
Top countries in Fresh Squids, Cuttlefishes, Octopuses Production in Capture Fisheries Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 23.78 | 2023 | +5.4% | +2.21% | View data |
| 2 | 2 Italy | 21.12 | 2023 | +4.88% | -9.37% | View data |
| 3 | 3 France | 20.29 | 2023 | -22.83% | +3.41% | View data |
| 4 | 4 Portugal | 10.82 | 2023 | -17.88% | +1.6% | View data |
| 5 | 5 United Kingdom | 8 | 2023 | +3.06% | +3.72% | View data |
| 6 | 6 Greece | 7.95 | 2023 | -0.85% | -1.61% | View data |
| 7 | 7 Netherlands | 4.01 | 2023 | -27.52% | +10.99% | View data |
| 8 | 8 Belgium | 1.18 | 2023 | -34.96% | +5.08% | View data |
| 9 | 9 Croatia | 0.81 | 2023 | -12.68% | +3.69% | View data |
| 10 | 10 Denmark | 0.17 | 2023 | +9.02% | +8.89% | View data |
