In 2023, Norway led the European whole fresh tusk cusk production with values reaching 1.3806 million euros, showing strong year-on-year growth of 11.12%. Iceland followed with 0.27993 million euros and a 7.59% increase. Denmark and France had minimal contributions at 0.00051322 and 0.000348 million euros, respectively, while Spain's production was nearly negligible. Over the last two years, Norwegian and Icelandic markets experienced robust growth, contrasting with a decline in Denmark. The compound annual growth rate (CAGR) provides insights into the average annual growth rate over the past five years, indicating steady trends in these leading countries.
Future trends to watch for include Norway's continued dominance and sustainable practices, Iceland's potential market expansion, and Denmark's recovery strategies. Monitoring regulatory changes and consumer preferences will be crucial to sustaining growth and exploring new opportunities in the European tusk cusk market.
Top countries in Whole Fresh Tusk Cusk Production in Capture Fisheries by Country
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 1,380,600 | 2023 | +12.78% | +11.12% | View data |
| 2 | 2 Iceland | 279,930 | 2023 | +13.44% | +7.59% | View data |
| 3 | 3 Denmark | 513.22 | 2023 | +11.49% | -3.03% | View data |
| 4 | 4 France | 348 | 2021 | +402.6% | -20.86% | View data |
| 5 | 5 Spain | 40.4 | 2021 | +312.24% | +33.28% | View data |
