In 2023, Portugal was the leading country in European Fresh Axillary Seabream Production in capture fisheries, holding a dominant share, although it saw a year-on-year decline of 8.33%. Spain and Italy followed, experiencing declines of 12.18% and 3.54% respectively. Greece maintained its share with a slight reduction of 1.05%, while France also faced a decline of 5.64%. Notably, Malta saw significant growth with a 24.49% increase. Cyprus and Croatia, though smaller contributors, experienced increases of 2.49% and 10.85% respectively. Slovenia's contribution remained minimal. Over the last five years, the compound annual growth rate indicates overall growth, but with varied performances among countries.
Future trends to monitor include the potential for growth in Malta and Croatia's smaller markets, possible stabilization efforts in major countries like Portugal and Spain, and the influence of sustainable fishing practices impacting production. Additionally, shifting consumer preferences towards sustainable seafood could play a crucial role in shaping the market dynamics across Europe.
Top countries in Fresh Axillary Seabream Production in Capture Fisheries Share by Country (Euros)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 42.69 | 2023 | -3.53% | -8.33% | View data |
| 2 | 2 Spain | 23.22 | 2023 | -39.05% | -12.18% | View data |
| 3 | 3 Italy | 13.3 | 2023 | -4.91% | -3.54% | View data |
| 4 | 4 Greece | 13.22 | 2023 | -0.71% | -1.05% | View data |
| 5 | 5 France | 8.04 | 2023 | -17.37% | -5.64% | View data |
| 6 | 6 Malta | 3.69 | 2023 | +22.65% | +24.49% | View data |
| 7 | 7 Cyprus | 1.84 | 2023 | +3.34% | +2.49% | View data |
| 8 | 8 Croatia | 0.23 | 2023 | +19.74% | +10.85% | View data |
| 9 | 9 Slovenia | 0.004 | 2022 | -100% | View data |
