The European black seabream production landscape in 2023 reflects Cyprus and Malta as leaders, surpassing others significantly. Most countries observed declines, notably the UK with a 7.88% reduction. Positive growth was only notable in Italy, France, and Belgium, with the Netherlands' production increasing drastically by 15.56%. However, Greece and Portugal faced a contraction, reflecting broader industry challenges. The compound annual growth rate over five years indicates a stagnant or declining trend across the region, affecting profitability.
Future trends could see advancements in sustainable fishing practices increasing efficiency, competitiveness, and a potential boost in production. Monitoring regulatory changes and technological innovations will be vital for optimizing fisheries management and preserving fish stocks. Additionally, diversifying target markets and enhancing value-added processing can offer new growth opportunities.
Top countries in Total Black Seabream Production in Capture Fisheries for Human Consumption by Country
| # | 10 Countries | Euros Per Metric Ton | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Cyprus | 18,840 | 2023 | +4.82% | -0.5% | View data |
| 2 | 2 Malta | 17,150 | 2023 | -11.02% | -0.77% | View data |
| 3 | 3 Greece | 8,450 | 2023 | +5.73% | -1.04% | View data |
| 4 | 4 Italy | 6,430 | 2023 | -1.22% | +2.46% | View data |
| 5 | 5 Croatia | 6,270 | 2023 | -16.48% | -3.33% | View data |
| 6 | 6 Ireland | 5,230 | 2022 | +10.55% | View data | |
| 7 | 7 United Kingdom | 4,510 | 2023 | +3.34% | -7.88% | View data |
| 8 | 8 France | 4,080 | 2023 | +2.34% | +6.03% | View data |
| 9 | 9 Netherlands | 2,300 | 2023 | +80.73% | +15.56% | View data |
| 10 | 10 Spain | 2,210 | 2023 | -2.34% | +0.6% | View data |
