In 2023, Norway led European seafood processing turnover with 8.32 billion Euros, up by 5%. Spain followed with 7.55 billion Euros, increasing by 2.97%. France and Poland also saw growth, with values reaching 5.23 and 4.04 billion Euros, showing 2.44% and 5.28% rises respectively. The UK, Germany, and Italy experienced moderate growth, while Denmark and Iceland saw declines of 6.98% and 2.11%. Small but positive trends were recorded in Portugal and the Netherlands, whereas the Baltic countries, particularly Lithuania (4.29%) and Estonia (6.95%), displayed notable increases. Noteworthy trends include significant growth in Hungary (25.17%) and a stark decline in Serbia (-22.68%).
Future trends to watch involve potential shifts in market leadership, with increases in Poland and Eastern European countries potentially altering the current landscape. Technological advancements and regulatory changes will also play critical roles in shaping the industry's future dynamics.
Top countries in Seafood Processing Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 8,320 | 2023 | +3.6% | +5% | View data |
| 2 | 2 Spain | 7,550 | 2023 | +3.04% | +2.97% | View data |
| 3 | 3 France | 5,230 | 2023 | +2.86% | +2.44% | View data |
| 4 | 4 Poland | 4,040 | 2023 | +4.33% | +5.28% | View data |
| 5 | 5 United Kingdom | 3,280 | 2023 | -0.015% | +0.17% | View data |
| 6 | 6 Germany | 2,970 | 2023 | +1.13% | +1.56% | View data |
| 7 | 7 Italy | 2,940 | 2023 | +1.72% | +1.89% | View data |
| 8 | 8 Denmark | 1,910 | 2023 | -8.52% | -6.98% | View data |
| 9 | 9 Iceland | 1,420 | 2023 | -0.45% | -2.11% | View data |
| 10 | 10 Portugal | 1,350 | 2023 | +1.32% | +0.43% | View data |
