Portugal: Frozen Salmonoids Market 2022

Frozen Salmonoids Market Size in Portugal

The Portuguese frozen salmonoids market dropped significantly to $X in 2020, shrinking by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a precipitous decrease. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2010; however, from 2011 to 2020, consumption remained at a lower figure.

Frozen Salmonoids Exports

Exports from Portugal

After three years of decline, overseas shipments of frozen salmonoids increased by X% to X tons in 2020. Overall, exports, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. As a result, exports attained the peak of X tons. from 2011 to 2020, the growth exports failed to regain the momentum.

In value terms, frozen salmonoids exports skyrocketed to $X in 2020. Over the period under review, exports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous 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

Cabo Verde (X tons), Switzerland (X tons) and Luxembourg (X kg) were the main destinations of frozen salmonoids exports from Portugal, with a combined X% share of total exports. These countries were followed by Ghana, Angola, Guinea-Bissau and Timor-Leste, which together accounted for a further X 2007 to 2020, the biggest increases were in Guinea-Bissau (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen salmonoids exported from Portugal were Cabo Verde ($X), Switzerland ($X) and Ghana ($X), together accounting for X% of total exports. Luxembourg, Guinea-Bissau, Angola and Timor-Leste lagged somewhat behind, together accounting for a further X the main countries of destination, Guinea-Bissau (+X% per year) recorded the highest growth rate of 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 salmonoids export price amounted to $X per ton, approximately equating the previous year. Over the period under review, export price indicated measured growth 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 salmonoids export price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2011 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the peak figure in 2020 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Guinea-Bissau ($X per ton), while the average price for exports to Timor-Leste ($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 Angola, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Salmonoids Imports

Imports into Portugal

In 2020, the amount of frozen salmonoids imported into Portugal reduced remarkably to X tons, with a decrease of -X% compared with 2019. Overall, imports showed a sharp setback. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Imports peaked at X tons in 2010; however, from 2011 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen salmonoids imports fell significantly to $X in 2020. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Imports peaked at $X in 2010; however, from 2011 to 2020, imports stood at a somewhat lower figure.

Imports by Country

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

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

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

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

Import Prices by Country

The average frozen salmonoids import price stood at $X per ton in 2020, with a decrease of -X% against the previous year. Overall, import price indicated a moderate increase 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 salmonoids import price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per ton. from 2018 to 2020, the growth in terms of the average import prices failed to regain the momentum.

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

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

Source: IndexBox Platform

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