In 2023, Italy led the European market in frozen squids, cuttlefishes, and octopuses production with significant growth at 9.36% year-on-year. France followed, further consolidating its position. Spain encountered a decline of 3.56%, while the United Kingdom experienced a 5.68% drop, indicating market challenges in these regions. The Netherlands showed a significant contraction with a 28.28% reduction, suggestive of potential systemic issues or decreased demand. Germany maintained a smaller share but remains critical within the broader European context. Portugal showed stable performance within the competitive landscape.
Looking ahead, demand is expected to hinge on the sustainable sourcing and environmental policies in seafood production. Special attention will need to focus on technological advancements and capturing initiatives influencing sustainable practices, potentially impacting production costs and consumption patterns across European regions.
Top countries in Frozen Squids, Cuttlefishes, Octopuses Production in Capture Fisheries for Human Consumption by Country
| # | 7 Countries | Euros Per Metric Ton | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 9,070 | 2023 | -22.41% | +9.36% | View data |
| 2 | 2 France | 4,650 | 2022 | +135.68% | View data | |
| 3 | 3 Spain | 2,460 | 2023 | -13.67% | -3.56% | View data |
| 4 | 4 United Kingdom | 2,410 | 2023 | +1.68% | -5.68% | View data |
| 5 | 5 Portugal | 1,780 | 2021 | -0.77% | View data | |
| 6 | 6 Netherlands | 1,550 | 2023 | +448.21% | -28.28% | View data |
| 7 | 7 Germany | 700 | 2022 | +18.47% | View data |
