In 2023, Italy led European fresh European flying squid production, capturing over 58% of the market value, followed by Spain at nearly 24% and Ireland with just over 15%. Norway, despite a significant 22% increase, remained a minor player under 1%. Portugal and other Nordic countries showed minimal activity. Year-on-year data reveals Italy and Ireland saw production growth, while Spain declined by over 15%. The CAGR over five years suggests Italy's continued dominance.
Future trends to watch include:
- Italy consolidating its leading role through technological advancements.
- Potential recovery in Spain's production due to demand shifts.
- Expansion opportunities in Norway, driven by sustainable practices and increasing consumer awareness.
Top countries in Fresh European Flying Squid Production in Capture Fisheries for Human Consumption Share by Country (Euros)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 58.16 | 2023 | -12.75% | +26.73% | View data |
| 2 | 2 Spain | 23.7 | 2023 | -11.92% | -15.11% | View data |
| 3 | 3 Ireland | 15.34 | 2023 | +3.62% | +12.81% | View data |
| 4 | 4 Norway | 0.5 | 2023 | +35.71% | +22.36% | View data |
| 5 | 5 Netherlands | 0.42 | 2022 | View data | ||
| 6 | 6 Portugal | 0.18 | 2023 | +10.22% | View data | |
| 7 | 7 Sweden | 0.14 | 2022 | -77.37% | View data | |
| 8 | 8 Iceland | 0.12 | 2021 | +125.78% | View data |
