Portugal: Frozen Fish Meat Market 2025

Frozen Fish Meat Market Size in Portugal

In 2021, the Portuguese frozen fish meat market decreased by -19.5% to $X, falling for the third consecutive year after three years of growth. Overall, consumption continues to indicate a noticeable decrease. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Frozen Fish Meat Production in Portugal

In value terms, frozen fish meat production amounted to $X in 2021 estimated in export price. In general, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 29% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Frozen Fish Meat Exports

Exports from Portugal

In 2021, shipments abroad of frozen fish meat increased by 12% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, continue to indicate a slight downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 29%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, frozen fish meat exports surged to $X in 2021. Over the period under review, exports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2017 with an increase of 40%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons), Brazil (X tons) and France (X tons) were the main destinations of frozen fish meat exports from Portugal, with a combined 91% share of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +3.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for frozen fish meat exported from Portugal were Brazil ($X), Spain ($X) and France ($X), together comprising 89% of total exports.

Among the main countries of destination, Brazil, with a CAGR of +0.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average frozen fish meat export price stood at $X per ton in 2021, growing by 2.9% against the previous year. In general, the export price, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 12% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (-2.3%), while the prices for the other major destinations experienced a decline.

Frozen Fish Meat Imports

Imports into Portugal

In 2021, supplies from abroad of frozen fish meat decreased by -10.9% to X tons, falling for the third year in a row after four years of growth. In general, imports recorded a slight downturn. The pace of growth appeared the most rapid in 2016 with an increase of 20%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen fish meat imports reduced remarkably to $X in 2021. Over the period under review, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of 24%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of frozen fish meat to Portugal, with a 45% share of total imports. Moreover, frozen fish meat imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was held by Argentina (X tons), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.8% per year) and Argentina (+26.7% per year).

In value terms, Spain ($X) constituted the largest supplier of frozen fish meat to Portugal, comprising 44% of total imports. The second position in the ranking was held by South Africa ($X), with an 11% share of total imports. It was followed by Argentina, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+19.2% per year) and Argentina (+24.0% per year).

Import Prices by Country

In 2021, the average frozen fish meat import price amounted to $X per ton, reducing by -7.8% against the previous year. In general, the import price saw a slight decrease. The growth pace was the most rapid in 2018 when the average import price increased by 17%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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