Portugal: Frozen Freshwater Fish Market 2024

Frozen Freshwater Fish Market Size in Portugal

The Portuguese frozen freshwater fish market declined markedly to $X in 2021, waning by -61.6% against the previous year. In general, consumption continues to indicate a dramatic decrease. Frozen freshwater fish consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Frozen Freshwater Fish Production in Portugal

In value terms, frozen freshwater fish production stood at $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed prominent growth. The growth pace was the most rapid in 2018 when the production volume increased by 26% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Frozen Freshwater Fish Exports

Exports from Portugal

In 2021, approx. X tons of frozen freshwater fish were exported from Portugal; surging by 14% compared with the year before. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +73.9% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 32% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, frozen freshwater fish exports expanded significantly to $X in 2021. In general, total exports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -0.4% against 2019 indices. The growth pace was the most rapid in 2016 when exports increased by 36%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for frozen freshwater fish exports from Portugal, with a 73% share of total exports. Moreover, frozen freshwater fish exports to Spain exceeded the volume sent to the second major destination, South Korea (X tons), more than tenfold. The third position in this ranking was held by France (X tons), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+20.1% per year) and France (+0.7% per year).

In value terms, Spain ($X) remains the key foreign market for frozen freshwater fish exports from Portugal, comprising 65% of total exports. The second position in the ranking was taken by Italy ($X), with an 8.1% share of total exports. It was followed by France, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+32.1% per year) and France (+0.2% per year).

Export Prices by Country

In 2021, the average frozen freshwater fish export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to South Korea ($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 South Korea (+4.5%), while the prices for the other major destinations experienced a decline.

Frozen Freshwater Fish Imports

Imports into Portugal

In 2021, approx. X tons of frozen freshwater fish were imported into Portugal; waning by -2.6% compared with the previous year's figure. In general, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of 6% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, frozen freshwater fish imports amounted to $X in 2021. Overall, imports saw a noticeable downturn. The growth pace was the most rapid in 2018 with an increase of 9.7% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest frozen freshwater fish supplier to Portugal, with a 41% share of total imports. Moreover, frozen freshwater fish imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Uganda (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.4% per year) and Uganda (+3.4% per year).

In value terms, Spain ($X) constituted the largest supplier of frozen freshwater fish to Portugal, comprising 47% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by Uganda, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.6% per year) and Uganda (+4.6% per year).

Import Prices by Country

The average frozen freshwater fish import price stood at $X per ton in 2021, growing by 7% against the previous year. Overall, the import price, however, saw a slight decline. The pace of growth appeared the most rapid in 2017 when the average import price increased by 7.6% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Africa ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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