In 2023, the European Value Added of Seafood was dominated by Spain with 41.37 million Euros, followed by France with 23.77 million Euros. Portugal and the Netherlands held significant shares at 10.92 million Euros and 9.08 million Euros respectively. Germany and Croatia maintained moderate contributions of 3.95 million Euros and 3.55 million Euros. Smaller markets included Finland, Lithuania, Cyprus, Estonia, Slovakia, and Slovenia, with values ranging from 3.37 million Euros to 0.14 million Euros.
Year-on-year variations in 2023 indicated growth in many countries: Spain (1.11%), France (2.19%), Portugal (2.96%), and Cyprus (5.29%). Lithuania showed the highest growth at 11.03%. Conversely, Germany and the Netherlands experienced declines of -5.62% and -0.95%, respectively. Croatia also saw a slight reduction at -0.81%, with Finland and Estonia recording minor increases of 0.5% and 1.27% respectively. Slovakia and Slovenia showed growth rates of 8.69% and 1.82%.
Looking forward, future trends to monitor include the sustainability practices in seafood production and the impact of regulatory changes on trade within the European Union. Additionally, advancements in aquaculture technology and shifts in consumer preferences towards eco-friendly seafood products may drive market dynamics. Maintaining competitive advantage through innovative processing and distribution strategies will be crucial for stakeholders in the industry.
Top countries in Value Added of Seafood Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 41.37 | 2023 | +0.48% | +1.11% | View data |
| 2 | 2 France | 23.77 | 2023 | +1.76% | +2.19% | View data |
| 3 | 3 Portugal | 10.92 | 2023 | +4.98% | +2.96% | View data |
| 4 | 4 Netherlands | 9.08 | 2023 | +0.61% | -0.95% | View data |
| 5 | 5 Germany | 3.95 | 2023 | -4.67% | -5.62% | View data |
| 6 | 6 Croatia | 3.55 | 2023 | +1.31% | -0.81% | View data |
| 7 | 7 Finland | 3.37 | 2023 | 0% | +0.5% | View data |
| 8 | 8 Lithuania | 1.39 | 2023 | +5.7% | +11.03% | View data |
| 9 | 9 Cyprus | 1.17 | 2023 | +10.8% | +5.29% | View data |
| 10 | 10 Estonia | 1.13 | 2023 | +4.82% | +1.27% | View data |
