In 2023, Spain maintained its lead in European fresh sardine production with a significant capture fisheries share, albeit experiencing a slight decline of 2.75%. Portugal showed positive momentum with a 5.32% increase. The Netherlands and Norway presented remarkable growth, with increases of 173.71% and 177.28%, respectively, indicating expanding contributions to the market. Conversely, Cyprus saw the most substantial drop at 9.04%. Overall, the industry's CAGR over the past five years indicates a moderate but varied growth across different countries.
Future trends to watch include the potential for further expansion in countries demonstrating rapid growth, increased investments in sustainable fishing practices, and the possibility of shifts in market dynamics due to environmental regulations and changing consumer preferences. Additionally, monitoring technological advancements that could impact production efficiency will be key.
Top countries in Fresh Sardine Production in Capture Fisheries Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 26.9 | 2023 | -7.06% | -2.75% | View data |
| 2 | 2 Portugal | 20.71 | 2023 | -0.0028% | +5.32% | View data |
| 3 | 3 France | 15.06 | 2023 | -3.72% | -4.02% | View data |
| 4 | 4 Italy | 13.36 | 2023 | +17.04% | -6.36% | View data |
| 5 | 5 Croatia | 12.61 | 2023 | -20.05% | -2.43% | View data |
| 6 | 6 Greece | 11.99 | 2023 | +3.78% | -0.61% | View data |
| 7 | 7 Netherlands | 7.97 | 2023 | +37.89% | +173.71% | View data |
| 8 | 8 United Kingdom | 2.63 | 2023 | +3.8% | +2.08% | View data |
| 9 | 9 Denmark | 0.94 | 2022 | +1470% | View data | |
| 10 | 10 Norway | 0.018 | 2023 | +67.79% | +177.28% | View data |
