In 2023, Norway led European countries in seafood production for industrial processing, contributing significantly at 191.81 million Euros. Denmark followed with 107.98 million Euros, with Iceland and Italy rounding out other major players. Norway saw a 10.48% increase year-on-year, while Iceland experienced a decline of 7.12%. Italy displayed robust growth at 24.74%, and Estonia surged by 34.98%. While Finland and Spain faced decreases at 10.1% and 6.1% respectively, Germany recorded an impressive 96.14% growth. Across a five-year span, Norway's growth dominated, distinguishing it as a central player.
Future trends indicate a sustained shift towards sustainable practices. The European market may focus more on innovations in processing technologies, possibly enhancing productivity. Additionally, environmental regulations and consumer preference for eco-friendly products are likely to drive strategies within the industry.
Top countries in Total Seafood Production in Capture Fisheries for Industrial Processing by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 191,810,000 | 2023 | +7.95% | +10.48% | View data |
| 2 | 2 Denmark | 107,980,000 | 2022 | -9.34% | View data | |
| 3 | 3 Iceland | 71,602,000 | 2023 | +1.23% | -7.12% | View data |
| 4 | 4 Italy | 15,039,000 | 2023 | +23.7% | +24.74% | View data |
| 5 | 5 Finland | 10,309,000 | 2023 | +4.94% | -10.1% | View data |
| 6 | 6 Estonia | 5,613,800 | 2023 | +22.83% | +34.98% | View data |
| 7 | 7 Sweden | 3,992,100 | 2023 | -31.8% | +9.65% | View data |
| 8 | 8 Spain | 1,748,000 | 2023 | -3.23% | -6.1% | View data |
| 9 | 9 France | 362,200 | 2023 | -6.01% | +9.41% | View data |
| 10 | 10 Germany | 279,530 | 2023 | +2060% | +96.14% | View data |
