Spain: Market for Fresh Or Chilled Anchovies 2025

Market Size for Fresh Or Chilled Anchovies in Spain

The Spanish fresh or chilled anchovies market surged to $X in 2021, rising by 66% 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). In general, consumption, however, showed a abrupt contraction. Fresh or chilled anchovies consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Fresh Or Chilled Anchovies

Exports from Spain

In 2021, after two years of decline, there was significant growth in shipments abroad of fresh or chilled anchovieses, when their volume increased by 24% to X tons. Over the period under review, exports recorded prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 98%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, fresh or chilled anchovies exports soared to $X in 2021. In general, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +13.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 90% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for fresh or chilled anchovies exports from Spain, accounting for a 48% share of total exports. Moreover, fresh or chilled anchovies exports to Italy exceeded the volume sent to the second major destination, Morocco (X tons), twofold. The third position in this ranking was taken by Croatia (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Italy amounted to +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+17.7% per year) and Croatia (+14.7% per year).

In value terms, Italy ($X) remains the key foreign market for fresh or chilled anchovieses exports from Spain, comprising 53% of total exports. The second position in the ranking was held by Morocco ($X), with a 17% share of total exports. It was followed by Croatia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy totaled +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+12.4% per year) and Croatia (+12.6% per year).

Export Prices by Country

The average fresh or chilled anchovies export price stood at $X per ton in 2021, jumping by 21% against the previous year. Over the period under review, the export price, however, saw a perceptible descent. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the 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 France ($X per ton), while the average price for exports to Bulgaria ($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 France (-1.0%), while the prices for the other major destinations experienced a decline.

Imports of Fresh Or Chilled Anchovies

Imports into Spain

In 2021, approx. X tons of fresh or chilled anchovieses were imported into Spain; jumping by 30% on the year before. Over the period under review, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 48% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, fresh or chilled anchovies imports soared to $X in 2021. In general, imports, however, saw a abrupt downturn. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Portugal (X tons) constituted the largest fresh or chilled anchovies supplier to Spain, accounting for a 75% share of total imports. Moreover, fresh or chilled anchovies imports from Portugal exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. The third position in this ranking was held by France (X tons), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from Portugal amounted to +31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-15.7% per year) and France (-25.1% per year).

In value terms, Portugal ($X) constituted the largest supplier of fresh or chilled anchovieses to Spain, comprising 80% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.8% share of total imports. It was followed by France, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value from Portugal totaled +23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-16.4% per year) and France (-27.4% per year).

Import Prices by Country

The average fresh or chilled anchovies import price stood at $X per ton in 2021, surging by 9.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 50% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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 Morocco ($X per ton), while the price for Italy ($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 (+2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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