In 2023, the European fresh shrimps and prawns market saw varied trends across different countries. Slovenia led the ranking with the highest value per metric ton at 20.1 thousand Euros, followed by Ireland at 19.12. Significant positive changes were observed in the Netherlands, showing a 16.61% year-on-year increase, and Croatia with 6.22%. Conversely, several countries such as Spain and Bulgaria faced decreases of 5.18% and 7.18%, respectively.
Over the past five years, the market has shown a compounded annual growth rate (CAGR) indicating sustained price changes, but variations are evident between countries. While some, like Cyprus and Norway, experienced modest growths of 4.78% and 3.18%, others like Germany and Denmark encountered declines of 3.27% and 4.59% respectively, indicating mixed growth trends across Europe.
Future trends to watch for in the European fresh shrimps and prawns market include potential impacts of climate change on capture fisheries, technological advancements in fishing methods, and regulatory changes across the European Union aimed at sustainable practices. Furthermore, monitoring consumer demand shifts towards sustainable seafood and the potential economic implications of geopolitical changes will be crucial.
Top countries in Fresh Shrimps and Prawns Production in Capture Fisheries by Country
| # | 10 Countries | Euros Per Metric Ton | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovenia | 20,100 | 2022 | -5.01% | View data | |
| 2 | 2 Ireland | 19,120 | 2022 | +6.81% | +35.36% | View data |
| 3 | 3 Cyprus | 15,950 | 2023 | +17.94% | +4.78% | View data |
| 4 | 4 France | 15,880 | 2023 | -2.65% | +1.05% | View data |
| 5 | 5 Spain | 15,010 | 2023 | +3.32% | -5.18% | View data |
| 6 | 6 Portugal | 14,240 | 2023 | -7.14% | -1.7% | View data |
| 7 | 7 Netherlands | 12,440 | 2023 | +34.7% | +16.61% | View data |
| 8 | 8 Italy | 10,810 | 2023 | -10.68% | +2.92% | View data |
| 9 | 9 Belgium | 9,600 | 2022 | View data | ||
| 10 | 10 Germany | 5,720 | 2023 | -4.41% | -3.27% | View data |
