In 2023, Norway led European nations in Atlantic mackerel production for industrial processing, valued at €8.388 million, showcasing remarkable growth with a 121.55% year-on-year increase. Iceland followed with €7.953 million, also experiencing significant growth of 30.62%. Denmark showed a considerable rise of 38.79%, whereas France, Germany, and Sweden's contributions were minimal in monetary terms. Germany recorded a decline of 24.71%, while Sweden increased by 88.98% over this period. The Compound Annual Growth Rate (CAGR) over the past five years suggests robust progress for major producers like Norway and Iceland.
Future trends to watch include:
- Increased focus on sustainable fishing practices could affect production volumes and values.
- Technological advancements in processing may enhance efficiency and profitability.
- Market demand shifts and potential regulatory changes in the EU could impact production strategy.
- Economic and climatic factors will play roles in forecasting future growth patterns.
Top countries in Total Atlantic Mackerel Production in Capture Fisheries for Industrial Processing by Country
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 8,388,000 | 2023 | +42.13% | +121.55% | View data |
| 2 | 2 Iceland | 7,952,700 | 2023 | +10.16% | +30.62% | View data |
| 3 | 3 Denmark | 473,620 | 2023 | +87.88% | +38.79% | View data |
| 4 | 4 France | 2,630 | 2022 | +15.18% | View data | |
| 5 | 5 Germany | 1,610 | 2023 | +50.68% | -24.71% | View data |
| 6 | 6 Sweden | 1,230 | 2023 | -39.59% | +88.98% | View data |
