In 2023, Spain led European hake production in capture fisheries with a value of 145.52 million euros, despite a 6.17% decline from the previous year. The UK and Italy also showed a strong presence, with respective values of 49.792 million euros and 44.287 million euros. Notably, Norway experienced remarkable growth at 26.57%, while Germany saw a 28.15% increase. On a broader scale, smaller producers such as Cyprus and Slovenia saw significant percentage increases albeit from a smaller base. Meanwhile, traditional producers like France and Greece experienced minor declines.
Future trends to monitor include:
- Potential shifts in dominance as countries like Norway continue to increase their market share.
- The impact of sustainability practices and regulations impacting catch volumes.
- The role of innovative fishing technologies in increasing efficiency and production.
- Possible economic and ecological influences from the EU affecting yield and trade policies.
Top countries in Total European Hake Production in Capture Fisheries by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 145,520,000 | 2023 | -4.71% | -6.17% | View data |
| 2 | 2 United Kingdom | 49,792,000 | 2023 | +1.99% | +2.17% | View data |
| 3 | 3 Italy | 44,287,000 | 2023 | +0.8% | -3.81% | View data |
| 4 | 4 France | 40,370,000 | 2023 | -2.57% | -1.71% | View data |
| 5 | 5 Greece | 26,195,000 | 2023 | -2.93% | -0.027% | View data |
| 6 | 6 Denmark | 10,880,000 | 2023 | +1.65% | -6.92% | View data |
| 7 | 7 Norway | 10,520,000 | 2023 | +11.61% | +26.57% | View data |
| 8 | 8 Portugal | 5,503,400 | 2023 | -1.63% | +4.65% | View data |
| 9 | 9 Croatia | 4,558,400 | 2023 | -6.99% | +2.83% | View data |
| 10 | 10 Netherlands | 366,470 | 2023 | +35.58% | +6.58% | View data |
