In 2023, Norway and Iceland were leading in European Atlantic cod production, valued at 690.34 and 552.39 million euros, respectively. The United Kingdom followed with 76.772 million euros, while other countries like Denmark, Spain, and Germany contributed significantly less. While Norway experienced a slight decline of 0.77%, Iceland's production value grew by 4.86% year-on-year. The Netherlands showed a notable increase of 16.09%, whereas France, Denmark, and Germany saw considerable declines at -17.78%, -14.88%, and -9.93%, respectively.
Future trends to watch include potential growth in Iceland's market share, given its positive momentum. Innovations in sustainable fishing and regulatory shifts might also impact production. Countries with declining trends may focus on diversifying their fishing industries to offset production losses.
Top countries in Total Atlantic Cod Production in Capture Fisheries by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Norway | 690,340,000 | 2023 | +0.39% | -0.77% | View data |
| 2 | 2 Iceland | 552,390,000 | 2023 | +3.93% | +4.86% | View data |
| 3 | 3 United Kingdom | 76,772,000 | 2023 | +3.35% | +3.4% | View data |
| 4 | 4 Denmark | 21,692,000 | 2023 | -5.7% | -14.88% | View data |
| 5 | 5 Germany | 21,245,000 | 2023 | -24.88% | -9.93% | View data |
| 6 | 6 Spain | 20,268,000 | 2023 | -4.44% | +7.07% | View data |
| 7 | 7 Portugal | 8,772,500 | 2023 | +89.84% | -0.16% | View data |
| 8 | 8 France | 7,939,800 | 2023 | +12.43% | -17.78% | View data |
| 9 | 9 Netherlands | 3,153,500 | 2023 | -15.88% | +16.09% | View data |
| 10 | 10 Sweden | 1,006,300 | 2022 | -11.65% | -32% | View data |
