In 2023, Italy dominated European total Mediterranean spearfish production in capture fisheries, contributing the largest value at 568.64 thousand euros. Meanwhile, Spain, Malta, Cyprus, and Croatia produced significantly less, with values at 11.54, 10.58, 2.54, and 1.19 thousand euros, respectively. The year-on-year analysis revealed contrasting trends; Italy remained stable with no growth, while other smaller producers like Cyprus and Croatia surged with impressive increases of 39.1% and 73.89%, respectively. Over the past five years, the market's compound annual growth rate (CAGR) suggests variable growth dynamics, highlighting emerging potential in lesser-known production regions.
Future Trends to Watch:
- The possibility of diversification as smaller producers explore expansion and innovation to capture larger shares of the market.
- Potential regulatory or ecological developments impacting the sustainability and volume of captures, influencing trends.
- Increased focus on technology and sustainable practices to enhance production efficiency across the Mediterranean region.
Top countries in Total Mediterranean Spearfish Production in Capture Fisheries by Country
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 568,640 | 2023 | -18.3% | View data | |
| 2 | 2 Spain | 11,540 | 2023 | +5.38% | +7.79% | View data |
| 3 | 3 Malta | 10,580 | 2023 | +28.84% | +11.92% | View data |
| 4 | 4 Cyprus | 2,540 | 2023 | +449.16% | +39.1% | View data |
| 5 | 5 Croatia | 1,190 | 2023 | -32.48% | +73.89% | View data |
