In 2023, Spain led European sold production of fishing and fish factory vessels with 54.09 thousand compensated gross tonnage (CGT), followed by Poland (22.29), Romania (13.0), France (9.25), Croatia (7.63), and Norway (3.9). While Spain and Poland showed moderate growth, Romania experienced significant growth with a 21.14% year-on-year increase. Norway's production nearly doubled, marking a 99.92% increase. Over the last five years, the compound annual growth rate for these markets indicates steady upward trends in production volumes.
Future trends to watch in the European fishing vessel sector include:
- Technological advancements affecting vessel efficiency and production capabilities.
- Sustainability requirements influencing production choices.
- Evolving fisheries' policy and economic conditions shaping market dynamics.
- Regional competitive shifts as other countries increase their investments in this sector.
Top countries in Sold Production of Fishing Vessels and Fish Factory Vessels by Country
| # | 7 Countries | Compensated Gross Tonnage | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 54,090 | 2023 | +13.75% | +9.63% | View data |
| 2 | 2 Poland | 22,290 | 2023 | +6.94% | +5.39% | View data |
| 3 | 3 Romania | 13,000 | 2023 | +7.21% | +21.14% | View data |
| 4 | 4 France | 9,250 | 2023 | +7.71% | +4.63% | View data |
| 5 | 5 Croatia | 7,630 | 2023 | +5% | +10.82% | View data |
| 6 | 6 Norway | 3,900 | 2023 | +24.79% | +99.92% | View data |
| 7 | 7 Portugal | 58 | 2021 | +28.89% | -2.25% | View data |
