Portugal: Frozen Catfish Fillets Market 2021

Frozen Catfish Fillets Market Size in Portugal

In 2020, the Portuguese frozen catfish fillets market decreased by -X% to $X, falling for the fifth year in a row after three years of growth. In general, consumption recorded a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Frozen Catfish Fillets Production in Portugal

In value terms, frozen catfish fillets production declined dramatically to $X in 2020 estimated in export prices. In general, production, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. As a result, production reached the peak level of $X. from 2016 to 2020, production growth remained at a somewhat lower figure.

Frozen Catfish Fillets Exports

Exports from Portugal

In 2020, frozen catfish fillets exports from Portugal shrank rapidly to X tons, dropping by -X% against the previous year's figure. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, frozen catfish fillets exports contracted significantly to $X in 2020. Over the period under review, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2013 when exports increased by X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for frozen catfish fillets exports from Portugal, with a X% share of total exports. Moreover, frozen catfish fillets exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), tenfold. Switzerland (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Spain amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Switzerland (+X% per year).

In value terms, Spain ($X) remains the key foreign market for frozen catfish fillets exports from Portugal, comprising X% of total exports. The second position in the ranking was occupied by Italy ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Spain totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+X% per year) and Switzerland (+X% per year).

Export Prices by Country

The average frozen catfish fillets export price stood at $X per ton in 2020, which is down by -X% against the previous year. In general, the export price saw a noticeable decrease. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, export price reached the peak level of $X per ton. from 2019 to 2020, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Italy ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced mixed trend patterns.

Frozen Catfish Fillets Imports

Imports into Portugal

Frozen catfish fillets imports into Portugal fell to X tons in 2020, declining by -X% against the year before. Overall, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, frozen catfish fillets imports reduced remarkably to $X in 2020. In general, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Vietnam (X tons) was the main frozen catfish fillets supplier to Portugal, with a X% share of total imports. Moreover, frozen catfish fillets imports from Vietnam exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold.

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

In value terms, Vietnam ($X) constituted the largest supplier of frozen catfish fillets to Portugal, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Vietnam stood at -X%.

Import Prices by Country

The average frozen catfish fillets import price stood at $X per ton in 2020, with a decrease of -X% against the previous year. Over the period under review, the import price continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Spain ($X per ton), while the price for Vietnam totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain.

Source: IndexBox Platform

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