The 2023 data highlights Norway as the leader in European Fresh Ballan Wrasse production, achieving a value of 33.88 Thousand Euros per Metric Ton. Portugal, Spain, Denmark, and France follow, with respective values of 3.46, 2.89, 2.54, and 1.89. Year-on-year analysis reveals significant growth in France (4.58%) and Denmark (3.7%), while Norway saw a modest increase of 3.82%. The forecasts for 2024 suggest continued growth, with Norway maintaining its dominance and other countries seeing varied expansion rates. The compound annual growth rate (CAGR) over the past five years indicates moderate industry progression.
Future trends to watch for:
- Growing demand for sustainable fisheries may drive further advancements in production techniques.
- Environmental policies could impact capture fisheries, potentially affecting output and value.
- Technological innovations and investments in aquaculture could supplement or alter trends in capture fisheries.
- Consumer preferences shifting towards sustainable and locally-sourced seafood may influence market dynamics.
Top countries in Fresh Ballan Wrasse Production in Capture Fisheries for Human Consumption by Country
| # | 5 Countries | Euros Per Metric Ton | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 33,880 | 2023 | +4.81% | +3.82% | View data |
| 2 | 2 Portugal | 3,460 | 2023 | +15.06% | +0.37% | View data |
| 3 | 3 Spain | 2,890 | 2023 | +11.39% | +0.76% | View data |
| 4 | 4 Denmark | 2,540 | 2023 | +10.23% | +3.7% | View data |
| 5 | 5 France | 1,890 | 2023 | -9.5% | +4.58% | View data |
