As of 2023, Spain leads in European wages and salaries in the seafood industry at 675 million euros, exhibiting a modest 1.49% year-on-year increase. Portugal and the Netherlands follow, with significant employment value increases, reflecting 1.51% and 2.05%, respectively.
In contrast, countries like Greece and Lithuania observed a robust growth trajectory at 2.64% and 9.63%, respectively, indicating expanding industry activities. Noteworthy is Estonia's decrease by 1.92%, suggesting potential challenges in industry dynamics.
Potential future trends to monitor include:
- The growing investments in seafood technology in Northern Europe impacting wage structures.
- Eastern Europe's potential industry growth, potentially escalating Lithuania's wage growth.
- The impact of regulatory changes on labor dynamics in major seafood markets like Spain and Portugal.
- Economic shifts post-Brexit affecting employment costs in coastal European countries.
Top countries in Wages and Salaries in Seafood by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 675 | 2023 | +1.35% | +1.49% | View data |
| 2 | 2 Portugal | 141.59 | 2023 | +4.29% | +1.51% | View data |
| 3 | 3 Greece | 109.04 | 2023 | +2.81% | +2.64% | View data |
| 4 | 4 Netherlands | 83 | 2023 | +2.47% | +2.05% | View data |
| 5 | 5 Germany | 73 | 2023 | +1.39% | +0.28% | View data |
| 6 | 6 Belgium | 27.1 | 2023 | +0.37% | +0.68% | View data |
| 7 | 7 Finland | 26 | 2023 | +4% | +5.39% | View data |
| 8 | 8 Lithuania | 19.29 | 2023 | +5.17% | +9.63% | View data |
| 9 | 9 Estonia | 8.08 | 2023 | -1.98% | -1.92% | View data |
