In 2023, the European Total Ballan Wrasse production in capture fisheries for human consumption was primarily led by Norway, contributing significantly with 8.1865 million euros, followed by Spain with 0.81475 million euros. France and Portugal followed closely, accounting for 0.59553 and 0.03182 million euros, respectively. Denmark contributed minimally to the total production with 0.00033368 million euros. In 2023, Norway saw a year-on-year growth of 4.84%, France outperformed with a 6.04% increase, Spain improved by 2.42%, Portugal showed a modest rise of 1.97%, while Denmark experienced a significant decline of 11.08%.
Future trends to watch in European Ballan Wrasse production include:
- Potential growth in sustainable fishing practices, aligning with increasing environmental considerations in Europe.
- Technological advancements aiding in enhancing capture efficiency and reducing ecological impact.
- Norwegian market dominance may continue, but other countries might grow in prominence due to rising demand and scientific research.
- Potential regulatory changes impacting fisheries practices and market entry barriers.
Top countries in Total Ballan Wrasse Production in Capture Fisheries for Human Consumption by Country
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 8,186,500 | 2023 | +11.92% | +4.84% | View data |
| 2 | 2 Spain | 814,750 | 2023 | +14.82% | +2.42% | View data |
| 3 | 3 France | 595,530 | 2023 | -21.96% | +6.04% | View data |
| 4 | 4 Portugal | 31,820 | 2023 | +3.77% | +1.97% | View data |
| 5 | 5 Denmark | 333.68 | 2023 | +53.28% | -11.08% | View data |
