In 2023, Norway led European frozen, gutted, and headed seafood production in capture fisheries with a value of 618.36 million euros, followed by Spain at 299.25 million euros. Despite Norway's strong lead, it experienced a modest year-on-year growth of 1.97%. Spain saw a healthier increase of 5.09%, while Iceland, at 75.05 million euros, faced a decline of 5.65%. Portugal displayed notable growth with a 12.4% increase. Germany, the United Kingdom, and other countries showed minimal to negative growth. The overall market witnessed varied performance, highlighting both growth and challenges.
Future trends to watch:
- Continued investment and innovation in sustainable fishing practices.
- Potential market shifts due to environmental changes and regulatory pressures.
- Increased focus on value-added products and diversification in seafood offerings.
- The impact of global economic conditions on demand and competition.
Top countries in Frozen, Gutted and Headed Seafood Production in Capture Fisheries by Country
| # | 9 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 618,360,000 | 2023 | +6.47% | +1.97% | View data |
| 2 | 2 Spain | 299,250,000 | 2023 | +2.15% | +5.09% | View data |
| 3 | 3 Iceland | 75,050,000 | 2023 | +2.86% | -5.65% | View data |
| 4 | 4 Portugal | 4,622,100 | 2023 | +17.42% | +12.4% | View data |
| 5 | 5 Germany | 1,853,700 | 2023 | +35.76% | -0.93% | View data |
| 6 | 6 France | 876,460 | 2022 | View data | ||
| 7 | 7 United Kingdom | 65,160 | 2023 | +6.18% | -2.78% | View data |
| 8 | 8 Netherlands | 5,270 | 2022 | +7.86% | View data | |
| 9 | 9 Sweden | 1,460 | 2023 | +33.26% | +7.3% | View data |
