In 2023, Italy led European flying squid production with a value of €2.2069 million, marking a significant 26.77% increase from the previous year. Spain followed with €1.572 million but saw a 9.05% decline. Ireland experienced a 16.6% rise, reaching €0.71703 million. Norway's production value almost doubled, growing by 93.31% to reach €0.23277 million. Portugal surged by 35.7% to €0.0068 million, while Iceland grew by 58.01% to €0.0031 million. Over the last five years, these countries have shown varied growth trends with Norway and Iceland exhibiting strong annual growth.
Future trends to watch in European flying squid production include potential impacts from environmental regulations and sustainability initiatives. Additionally, technological advancements in fishing methods and market demand fluctuations may influence production volumes and values. Monitoring these factors will be essential for understanding future market dynamics.
Top countries in Total European Flying Squid Production in Capture Fisheries by Country
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 2,206,900 | 2023 | -13.26% | +26.77% | View data |
| 2 | 2 Spain | 1,572,000 | 2023 | -7.1% | -9.05% | View data |
| 3 | 3 Ireland | 717,030 | 2023 | +7.07% | +16.6% | View data |
| 4 | 4 Norway | 232,770 | 2023 | +59.88% | +93.31% | View data |
| 5 | 5 Netherlands | 15,760 | 2022 | View data | ||
| 6 | 6 Portugal | 6,800 | 2023 | +12% | +35.7% | View data |
| 7 | 7 Sweden | 5,100 | 2022 | -77.37% | View data | |
| 8 | 8 Iceland | 3,100 | 2023 | +5.98% | +58.01% | View data |
