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Spain - Frozen Fish And Seafood - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2025

Spain - Frozen Fish And Seafood - Market Analysis, Forecast, Size, Trends And Insights

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Mar 9, 2024

Spain's October 2023 Frozen Fish and Seafood Import Surges to $418M

Spain Frozen Fish and Seafood Imports

Frozen fish and seafood imports into Spain stood at 76K tons in October 2023, picking up by 4.3% on September 2023. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in May 2023 with an increase of 32% m-o-m. As a result, imports attained the peak of 89K tons. From June 2023 to October 2023, the growth of imports failed to regain momentum.

In value terms, frozen fish and seafood imports stood at $418M (IndexBox estimates) in October 2023. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when imports increased by 23% month-to-month.Spain Frozen Fish and Seafood Imports By Country (Million USD)

COUNTRYImport Value of Frozen Fish and Seafood in Spain (million USD)
Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023
Morocco39.427.426.496.211810971.769.747.038.173.390.356.3
Falkland Islands (Malvinas)22.135.317.019.421.114.314.627.136.227.121.018.826.8
Portugal23.118.817.916.218.324.721.328.121.322.823.521.214.6
Peru17.420.113.114.415.520.621.324.619.418.111.610.310.7
China25.527.026.826.224.518.120.735.028.429.627.221.37.4
Argentina45.581.634.774.522.430.315.325.322.219.435.831.43.4
Ecuador30.545.527.623.620.323.424.930.933.042.045.437.11.2
Others242222211181164202168200197170162162297
Total445478374452404443358441405367400392418

Imports by Country

Morocco (9.5K tons), Falkland Islands (Malvinas) (7.5K tons) and Portugal (4.2K tons) were the main suppliers of frozen fish and seafood imports to Spain, with a combined 28% share of total imports.

From October 2022 to October 2023, the biggest increases were in Falkland Islands (Malvinas) (with a CAGR of +2.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Morocco ($56M) constituted the largest supplier of frozen fish and seafood to Spain, comprising 13% of total imports. The second position in the ranking was taken by Falkland Islands (Malvinas) ($27M), with a 6.4% share of total imports. It was followed by Portugal, with a 3.5% share.

From October 2022 to October 2023, the average monthly growth rate of value from Morocco totaled +3.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Falkland Islands (Malvinas) (+1.6% per month) and Portugal (-3.8% per month).

Imports by Type

Molluscs (scallops, mussels, cuttle fish, squid and octopus) (27K tons), frozen crustaceans (19K tons) and frozen whole fish (17K tons) were the main products of frozen fish and seafood imports to Spain, together comprising 84% of total imports.

From October 2022 to October 2023, the biggest increases were in frozen crustaceans (with a CAGR of +1.2%), while purchases for the other products experienced mixed trend patterns.

In value terms, molluscs (scallops, mussels, cuttle fish, squid and octopus) ($161M), frozen crustaceans ($139M) and frozen fish fillet ($62M) constituted the most imported types of frozen fish and seafood in Spain, with a combined 86% share of total imports. Frozen whole fish and frozen fish meat lagged somewhat behind, together comprising a further 14%.

Import Prices by Country

In October 2023, the frozen fish and seafood price amounted to $5,500 per ton (CIF, Spain), growing by 2.1% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 13% month-to-month. Over the period under review, average import prices attained the maximum at $5,888 per ton in March 2023; however, from April 2023 to October 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Mauritania ($9,207 per ton), while the price for Croatia ($1,588 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Morocco (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for frozen fish and seafood in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10201330 - Frozen whole salt water fish
  • Prodcom 10201360 - Frozen whole fresh water fish
  • Prodcom 10201400 - Frozen fish fillets
  • Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
  • Prodcom 10201600 - Frozen fish livers and roes

Country coverage:

  • Spain

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Spain
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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