The European seafood industry's Gross Value Added in 2023 was led by Spain, contributing most with €1.47 billion, showing a marginal increase of 0.97%. Italy and Netherlands faced declines of 4.34% and 3.88%, respectively. Greece and Finland showed growth, indicating strong market performance. Latvia experienced a significant surge of 14.87%, highlighting potential for expansion. Smaller economies like Cyprus and Austria also grew moderately, whereas Malta and Slovakia saw declines.
Future trends in European Seafood Gross Value Added may focus on sustainable practices and technological advancements, with potential market growth in the Mediterranean region driven by consumer preferences and regulatory changes favoring sustainable aquaculture.
Top countries in Seafood Gross Value Added by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,470 | 2023 | +0.068% | +0.97% | View data |
| 2 | 2 Italy | 816.1 | 2023 | +0.9% | -4.34% | View data |
| 3 | 3 Greece | 677.07 | 2023 | +0.17% | +3.07% | View data |
| 4 | 4 Netherlands | 283 | 2023 | -0.7% | -3.88% | View data |
| 5 | 5 Ireland | 174.8 | 2023 | +4.2% | +0.45% | View data |
| 6 | 6 Finland | 144 | 2023 | 0% | +3.89% | View data |
| 7 | 7 Croatia | 135.97 | 2023 | +7.29% | +0.32% | View data |
| 8 | 8 Latvia | 65.85 | 2023 | +2.65% | +14.87% | View data |
| 9 | 9 Cyprus | 43.3 | 2023 | +2.85% | +5.78% | View data |
| 10 | 10 Austria | 38.37 | 2023 | +4.41% | +5.24% | View data |
