Report Update Nov 1, 2024

Portugal - Inedible Fish Products - Market Analysis, Forecast, Size, Trends and Insights

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Portugal: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in Portugal

In 2022, the Portuguese inedible fish products market was finally on the rise to reach $X for the first time since 2016, thus ending a five-year declining trend. In general, consumption recorded a perceptible descent. Inedible fish products consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Inedible Fish Products Production in Portugal

In value terms, inedible fish products production soared to $X in 2022 estimated in export price. In general, production, however, saw a deep downturn. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Inedible Fish Products Exports

Exports from Portugal

In 2022, shipments abroad of inedible fish products increased by 6.3% to X tons, rising for the fifth consecutive year after three years of decline. In general, exports showed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 89%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, inedible fish products exports expanded rapidly to $X in 2022. Over the period under review, exports recorded strong growth. The pace of growth appeared the most rapid in 2020 with an increase of 89%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for inedible fish products exports from Portugal, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at +5.9%.

In value terms, Spain ($X) also remains the key foreign market for inedible fish products exports from Portugal.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at +13.6%.

Export Prices by Country

The average inedible fish products export price stood at $X per ton in 2022, picking up by 7.8% against the previous year. In general, the export price recorded resilient growth. The growth pace was the most rapid in 2014 an increase of 23% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +7.3% per year.

Inedible Fish Products Imports

Imports into Portugal

In 2022, purchases abroad of inedible fish products decreased by -31.1% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, posted resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by 134%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, inedible fish products imports fell significantly to $X in 2022. In general, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 84% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined notably in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of inedible fish products to Portugal, with a 79% share of total imports. Moreover, inedible fish products imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+12.4% per year) and Germany (-5.5% per year).

In value terms, Spain ($X) constituted the largest supplier of inedible fish products to Portugal, comprising 71% of total imports. The second position in the ranking was held by Morocco ($X), with a 14% share of total imports. It was followed by Belgium, with a 7% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (-5.5% per year) and Belgium (+13.9% per year).

Import Prices by Country

In 2022, the average inedible fish products import price amounted to $X per ton, increasing by 5.8% against the previous year. In general, the import price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 91% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+137.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for inedible fish products in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 40% share of global consumption.

What are the largest producers of inedible fish products in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 40% of global production.

What are the leading suppliers of inedible fish products to Portugal?

In value terms, Spain constituted the largest supplier of inedible fish products to Portugal, comprising 76% of total imports. The second position in the ranking was occupied by Morocco, with a 16% share of total imports.

What are the leading importers of inedible fish products from Portugal?

In value terms, Spain remains the key foreign market for inedible fish products exports from Portugal.

What is the average export price for inedible fish products in Portugal?

In 2021, the average inedible fish products export price amounted to $212 per ton, waning by -5.5% against the previous year.

What is the average import price for inedible fish products in Portugal?

In 2021, the average inedible fish products import price amounted to $680 per ton, which is down by -31.3% against the previous year.

This report provides an in-depth analysis of the inedible fish products market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10204200 - Inedible fish products (including fish waste, excluding whalebone and whalebone hair, coral and similar materials, s hells and cuttle-bone, unworked or simply prepared/natural sponges)

Country coverage:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023