In 2023, the production value of gutted frozen cods, hakes, and haddocks in capture fisheries varied across European countries. Portugal led with a production value of 2.22 thousand euros per metric ton, followed closely by Norway at 2.19. Spain, the United Kingdom, Germany, and the Netherlands followed in descending order. Notably, Norway experienced a significant year-on-year increase of 16.96%, while Germany saw a substantial decrease of 21.68%. The United Kingdom also faced a decline of 3.0%. Over the past five years, the compound annual growth rate (CAGR) has provided insight into the average annual changes.
Future trends to watch for include:
- Potential impact of climate change on fish stocks, which could affect production volumes and values.
- Regulatory changes in the European Union impacting fishing quotas and practices.
- Technological advancements in fishing and processing methods that may alter cost structures and efficiencies.
- Shifts in consumer demand towards sustainable and traceable seafood, influencing market dynamics.
Top countries in Gutted Frozen Cods, Hakes and Haddocks Production in Capture Fisheries by Country
| # | 6 Countries | Euros Per Metric Ton | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 2,220 | 2022 | View data | ||
| 2 | 2 Norway | 2,190 | 2023 | +4.84% | +16.96% | View data |
| 3 | 3 Spain | 1,960 | 2023 | +13.02% | +4.73% | View data |
| 4 | 4 United Kingdom | 1,770 | 2023 | -3.38% | -3% | View data |
| 5 | 5 Germany | 839.59 | 2023 | -7.3% | -21.68% | View data |
| 6 | 6 Netherlands | 588.6 | 2023 | -3.68% | +2.94% | View data |
