In 2023, Sweden led European flying squid production in terms of value, maintaining stability with no change from the previous year, while Italy showed a significant increase of 6.41%. Portugal remained constant, whereas Spain experienced a slight rise of 0.62%. Ireland and the United Kingdom marked upward trends with 3.86% and 4.94% respectively. Norway saw a notable decline of 18.48%, and Iceland increased marginally by 0.67%. Over a five-year period, compound annual growth rate (CAGR) analysis highlights varying dynamics, with most nations witnessing modest changes, except Norway, which faces challenges.
Looking ahead, European squid capture fisheries may see shifts due to environmental concerns and policy changes. Innovations in sustainable fishing practices and demand fluctuations driven by consumer preferences may impact production. Monitoring these factors will be essential for adapting strategies and maintaining competitive edge.
Top countries in Total European Flying Squid Production in Capture Fisheries by Country
| # | 9 Countries | Euros Per Metric Ton | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Sweden | 8,710 | 2023 | -11.74% | View data | |
| 2 | 2 Italy | 6,670 | 2023 | +4.06% | +6.41% | View data |
| 3 | 3 Portugal | 3,110 | 2023 | -12.83% | View data | |
| 4 | 4 Netherlands | 3,030 | 2022 | View data | ||
| 5 | 5 Spain | 2,710 | 2023 | +5.61% | +0.62% | View data |
| 6 | 6 Ireland | 2,520 | 2023 | +3.64% | +3.86% | View data |
| 7 | 7 United Kingdom | 403.01 | 2023 | -12.03% | +4.94% | View data |
| 8 | 8 Norway | 352.82 | 2023 | -16.13% | -18.48% | View data |
| 9 | 9 Iceland | 163.46 | 2023 | +1.25% | +0.67% | View data |
