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Spain - Sardines (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Spain - Sardines (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights

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Feb 1, 2023

Preserved Sardine Price in Spain Falls Slightly to $5,332 per Ton

Spain Preserved Sardine Import Price in October 2022

In October 2022, the preserved sardines price amounted to $5,332 per ton (CIF, Spain), waning by -2.9% against the previous month. Over the period from January 2022 to October 2022, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 9.9% month-to-month. The import price peaked at $5,750 per ton in July 2022; however, from August 2022 to October 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2022, the country with the highest price was Morocco ($6,049 per ton), while the price for Portugal ($3,673 per ton) was amongst the lowest.

From January 2022 to October 2022, the most notable rate of growth in terms of prices was attained by Croatia (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Spain Preserved Sardine Imports

In October 2022, imports of sardines (prepared or preserved) into Spain stood at 802 tons, almost unchanged from September 2022. Over the period under review, imports posted prominent growth. The pace of growth appeared the most rapid in June 2022 when imports increased by 87% m-o-m. Over the period under review, imports attained the maximum in October 2022.

In value terms, preserved sardines imports dropped slightly to $4.3M (IndexBox estimates) in October 2022. In general, imports continue to indicate strong growth. The most prominent rate of growth was recorded in June 2022 when imports increased by 92% month-to-month. Imports peaked at 4.4K tons in July 2022; however, from August 2022 to October 2022, imports failed to regain momentum.

Spain Preserved Sardine Imports by Country

Morocco (423 tons), Croatia (287 tons) and Portugal (92 tons) were the main suppliers of preserved sardines imports to Spain, together accounting for 100% of total imports.

From January 2022 to October 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +11.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved sardines suppliers to Spain were Morocco ($2.6M), Croatia ($1.4M) and Portugal ($339K), with a combined 100% share of total imports.

Among the main suppliers, Croatia, with a CAGR of +11.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Factos Affecting Preserved Sardine Prices

Sardines are a type of small, oily fish that are typically preserved in cans or jars. They are popular in many parts of the world, including Spain, where they are often used as a tapa (small dish) or ingredient in dishes such as paella.

The main factors affecting the price of preserved sardines are the cost of raw materials, production costs and demand. In terms of raw materials, sardines are mainly caught in the wild and therefore prices are subject to fluctuations depending on supply and demand. For example, bad weather conditions can lead to lower catches, driving up prices. In terms of production costs, canning sardines is a labor-intensive process and therefore higher labor costs can lead to higher prices for finished products.

The price of preserved sardines can also vary depending on the region of Spain where they are purchased, as well as the time of year. Generally, prices for preserved sardines are highest in the summer months.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the preserved sardines market 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 10202530 - Prepared or preserved sardines, sardinella, brisling and sprats, whole or in pieces (excluding minced products and prepared meals and dishes)

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 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    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 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    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, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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