The European Fresh Ballan Wrasse production from capture fisheries in 2023 highlighted Norway as the dominant producer, with a value of approximately 8.18 million Euros, while Spain, France, Portugal, and Denmark followed with markedly lower values. Norway exhibited a positive year-on-year growth of 4.83% in 2023, indicating an ongoing upward trend. Spain and Portugal also experienced growth, albeit at a slower pace. Conversely, Denmark's production decreased by 12.09% in the same period. Over a five-year span, the compounded annual growth rate (CAGR) portrayed minimal but steady growth in Norway and stagnation or decline in smaller producers.
Future trends to watch involve Norway maintaining its lead in production, potentially increasing its share through technological advancements and sustainable fisheries practices. Spain and Portugal may gradually boost output if investments in efficient capture methods and environmental management improve. However, Denmark may continue to struggle unless it revitalizes its capturing capabilities and market orientation.
Top countries in Fresh Ballan Wrasse Production in Capture Fisheries for Human Consumption by Country
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 8,183,100 | 2023 | +11.9% | +4.83% | View data |
| 2 | 2 Spain | 798,020 | 2023 | +12.47% | +2% | View data |
| 3 | 3 France | 595,530 | 2022 | +45.26% | +10.14% | View data |
| 4 | 4 Portugal | 31,820 | 2023 | +3.77% | +1.97% | View data |
| 5 | 5 Denmark | 333.68 | 2023 | +44.8% | -12.09% | View data |
