The 2023 data shows that Spain leads European production of squids, cuttlefishes, and octopuses in capture fisheries with a significant 48.09% share, followed by France (15.18%) and Italy (9.42%). Notably, Spain and Netherlands experienced strong growth with year-on-year increases of 12.09% and 15.56%, respectively, while Italy saw a decline of 14.1%. Iceland demonstrated an impressive 85.67% growth, albeit from a smaller base. Over five years, Spain's CAGR highlights sustained growth, while Italy's decline suggests potential industry challenges. Furthermore, smaller players like Norway and Denmark are exhibits impressive short-term growth despite low volumes.
Future trends to watch include technological advancements in sustainable fishing methods, which could shift production dynamics. Additionally, climate change impacts and regulatory changes in fishing quotas across the EU might alter country contributions, potentially promoting increased activity from smaller producers like Norway and Iceland.
Top countries in Total Squids, Cuttlefishes, Octopuses Production in Capture Fisheries Share by Country (Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 48.09 | 2023 | +2.03% | +12.09% | View data |
| 2 | 2 France | 15.18 | 2023 | -29.42% | +1.92% | View data |
| 3 | 3 Italy | 9.42 | 2023 | -2.58% | -14.1% | View data |
| 4 | 4 United Kingdom | 9.19 | 2023 | +1.98% | +5.97% | View data |
| 5 | 5 Portugal | 7.28 | 2023 | -17.19% | +2% | View data |
| 6 | 6 Greece | 4.84 | 2022 | -8.33% | View data | |
| 7 | 7 Netherlands | 3.12 | 2023 | -19.86% | +15.56% | View data |
| 8 | 8 Belgium | 1.28 | 2023 | -36.74% | +5.14% | View data |
| 9 | 9 Croatia | 0.63 | 2023 | +0.16% | -2.04% | View data |
| 10 | 10 Denmark | 0.2 | 2023 | +48.38% | +15.47% | View data |
