In the 2023 snapshot of European octopus capture fisheries expressed in Million Euros, Spain led with €46.883 million, closely followed by Portugal at €45.075 million, and Italy with €34.714 million. France and Greece each produced over €20 million, while smaller players like Croatia, Cyprus, and the Netherlands contributed minimally.
Year-on-year, France saw a substantial increase of 28.74% in 2023, followed by the Netherlands at 28.34%. Conversely, Cyprus experienced an 8.73% decrease. Over the previous five years, the Compound Annual Growth Rate (CAGR) highlights a mixed performance in the octopus capture market.
Future trends worth monitoring include potential growth in sustainable fishing practices in leading countries like Spain and Portugal, aligning with increasing environmental concerns. The gradual rise in the Netherlands and France's market share due to technological advances may also be influential.
Top countries in Total Octopus Production in Capture Fisheries by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 46,883,000 | 2023 | -7.58% | +0.4% | View data |
| 2 | 2 Portugal | 45,075,000 | 2023 | -2.52% | +4.78% | View data |
| 3 | 3 Italy | 34,714,000 | 2023 | +2.96% | +0.68% | View data |
| 4 | 4 France | 23,589,000 | 2023 | +17.64% | +28.74% | View data |
| 5 | 5 Greece | 22,927,000 | 2022 | +16.17% | View data | |
| 6 | 6 Croatia | 1,312,200 | 2023 | -13.09% | +9.29% | View data |
| 7 | 7 Cyprus | 45,200 | 2023 | +49.64% | -8.73% | View data |
| 8 | 8 Netherlands | 844.49 | 2023 | +11.98% | +28.34% | View data |
| 9 | 9 Sweden | 109.32 | 2022 | View data | ||
| 10 | 10 Slovenia | 63.73 | 2023 | View data |
