Portugal: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in Portugal

The Portuguese frozen atlantic halibut market was estimated at $X in 2019, remaining relatively unchanged against the previous year. In general, consumption enjoyed significant growth. The most prominent rate of growth was recorded in 2012 when the market value increased by X% against the previous year. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2019, consumption failed to regain the momentum.

Frozen Atlantic Halibut Production in Portugal

In value terms, frozen atlantic halibut production dropped dramatically to $X in 2020 estimated in export prices. Over the period under review, production, however, showed a modest expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Frozen atlantic halibut production peaked at $X in 2010; however, from 2011 to 2020, production failed to regain the momentum.

Frozen Atlantic Halibut Exports

Exports from Portugal

In 2020, overseas shipments of frozen atlantic halibut decreased by -X% to X tons, falling for the second consecutive year after six years of growth. Overall, exports recorded a mild curtailment. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. As a result, exports reached the peak of X tons. from 2011 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, frozen atlantic halibut exports declined significantly to $X in 2020. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. As a result, exports attained the peak of $X. from 2011 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Spain (X tons), China (X tons) and Japan (X tons) were the main destinations of frozen atlantic halibut exports from Portugal, together comprising X% of total exports.

From 2007 to 2020, the biggest increases were in Japan, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and Japan ($X) constituted the largest markets for frozen atlantic halibut exported from Portugal worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, China recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average frozen atlantic halibut export price amounted to $X per ton, waning by -X% against the previous year. Over the period under review, export price indicated a modest expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen atlantic halibut export price decreased by -X% against 2018 indices. The growth pace was the most rapid in 2011 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat for the major foreign markets. In 2020, the highest prices were recorded for prices to Italy ($X per ton) and Spain ($X per ton), while the average price for exports to Japan ($X per ton) and China ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Atlantic Halibut Imports

Imports into Portugal

In 2020, overseas purchases of frozen atlantic halibut decreased by -X% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports showed a noticeable slump. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Imports peaked at X tons in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, frozen atlantic halibut imports fell markedly to $X in 2020. In general, imports showed a pronounced downturn. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Spain (X tons) was the main frozen atlantic halibut supplier to Portugal, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from Spain amounted to -X%.

In value terms, Spain ($X) constituted the largest supplier of frozen atlantic halibut to Portugal.

From 2007 to 2020, the average annual rate of growth in terms of value from Spain totaled -X%.

Import Prices by Country

In 2020, the average frozen atlantic halibut import price amounted to $X per ton, declining by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2020, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2007 to 2020, the rate of growth in terms of prices for Spain amounted to +X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :