Spain dominates the European fresh European hake market with a 48.39% share in 2023, although it's experiencing a -6.42% year-on-year decline. Italy and France follow with 14.94% and 13.61% shares, respectively, also facing slight decreases. In contrast, the UK saw a 3.99% increase, and countries like Portugal, Croatia, and Norway showed notable growth rates at 5.3%, 2.83%, and 10.87% respectively. Germany exhibited the highest surge at 37.26%, although from a minimal base. Smaller markets like Belgium, the Netherlands, and Cyprus are seeing double-digit growth, albeit from a low starting point.
Future trends to watch include the impact of sustainable fishing practices and climate change on hake availability. Increasing demand for sustainable seafood and potential regulatory changes might shift market shares. Innovations in supply chain efficiencies and consumer preferences could further influence growth in this sector.
Top countries in Fresh European Hake Production in Capture Fisheries for Human Consumption Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 48.39 | 2023 | -5.96% | -6.42% | View data |
| 2 | 2 Italy | 14.94 | 2023 | +0.82% | -3.8% | View data |
| 3 | 3 France | 13.61 | 2023 | -2.23% | -1.67% | View data |
| 4 | 4 Greece | 8.83 | 2023 | -2.93% | -0.027% | View data |
| 5 | 5 United Kingdom | 5.92 | 2023 | +4.19% | +3.99% | View data |
| 6 | 6 Denmark | 3.67 | 2023 | +1.65% | -6.92% | View data |
| 7 | 7 Portugal | 1.78 | 2023 | -2.05% | +5.3% | View data |
| 8 | 8 Croatia | 1.54 | 2023 | -6.99% | +2.83% | View data |
| 9 | 9 Norway | 1.18 | 2023 | +2.16% | +10.87% | View data |
| 10 | 10 Belgium | 0.046 | 2023 | -23.81% | +6.61% | View data |
