The 2023 data indicates strong growth in Denmark's and the UK’s production values, with year-on-year increases of 43.85% and 58.35%, respectively. Sweden's value has risen by 28.16%, showcasing robust growth, while Norway's and Germany’s production demonstrated stability with modest increases. Conversely, the Netherlands experienced a decline, with a 15.13% decrease, emphasizing a negative trend. Denmark leads in value, followed by Sweden. Over the previous five years, the Compound Annual Growth Rate (CAGR) shows a consistent upward trend for the major contributors, particularly Denmark and Sweden, which have established themselves as leaders in the European context.
Looking ahead, monitor regulatory changes impacting sustainable fishing practices, technological advancements in aquaculture, and shifts in market demand which can influence production across the continent. Attention to these factors is crucial for forecasting future trends and understanding potential challenges and opportunities within the European lumpfish market.
Top countries in Total Lumpfish Lumpsucker Production in Capture Fisheries by Country
| # | 6 Countries | Euros Per Metric Ton | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 37,400 | 2023 | +9.73% | +43.85% | View data |
| 2 | 2 Sweden | 28,520 | 2023 | +39.26% | +28.16% | View data |
| 3 | 3 Norway | 4,720 | 2023 | +5.75% | +2.47% | View data |
| 4 | 4 United Kingdom | 3,180 | 2023 | +5.16% | +58.35% | View data |
| 5 | 5 Netherlands | 547.72 | 2023 | -13.28% | -15.13% | View data |
| 6 | 6 Germany | 245.61 | 2022 | -34.69% | -10.16% | View data |
