The Slovak seafood market has experienced fluctuations over the past decade. In 2023, the market size stood at 65.643 million euros, reflecting a minor year-on-year decline of 0.37%. Looking back over the past five years, the compound annual growth rate indicates a slight contraction at -0.56%, although there were periods of recovery, such as in 2021 with a 14.02% increase. These variations highlight the volatility within this sector, largely impacted by global economic conditions and local consumption patterns.
Future trends to watch include the increasing demand for sustainable and traceable seafood products, potential supply chain disruptions, and changing consumer preferences towards healthier diets. Additionally, environmental regulations and innovations in aquaculture could play significant roles in shaping the market landscape.
How does Slovakia rank in Seafood Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 8,625,000,000 | 2023 | +0.43% | +1.35% | View data |
| 2 | 2 France | 5,603,800,000 | 2023 | -0.7% | -2.49% | View data |
| 3 | 3 Italy | 5,246,900,000 | 2023 | -0.44% | +2.33% | View data |
| 4 | 4 United Kingdom | 5,237,500,000 | 2023 | +0.09% | -1.24% | View data |
| 5 | 5 Germany | 4,720,100,000 | 2023 | +1.3% | -1.97% | View data |
| 11 | 11 Czech Republic | 245,310,000 | 2023 | +3.98% | +6.24% | View data |
| 12 | 12 Croatia | 115,550,000 | 2023 | +0.49% | +0.15% | View data |
| 13 | 13 Slovakia | 65,643,000 | 2023 | -0.37% | -0.56% | |
| 14 | 14 Hungary | 58,906,000 | 2023 | +1.95% | +1.95% | View data |
