Spain: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in Spain

In 2021, the Spanish fresh fish fillet market increased by 26% to $X, rising for the second year in a row after three years of decline. Overall, the total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +92.7% against 2019 indices. Fresh fish fillet consumption peaked in 2021 and is likely to continue growth in the immediate term.

Fresh Fish Fillet Production in Spain

In value terms, fresh fish fillet production fell to $X in 2021 estimated in export price. Over the period under review, production recorded mild growth. The pace of growth was the most pronounced in 2013 with an increase of 21%. Fresh fish fillet production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Fresh Fish Fillet Exports

Exports from Spain

After four years of decline, shipments abroad of fresh or chilled fish fillets increased by 49% to X tons in 2021. In general, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, fresh fish fillet exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Portugal (X tons) and France (X tons) were the main destinations of fresh fish fillet exports from Spain, with a combined 87% share of total exports. The Netherlands, Poland and Greece lagged somewhat behind, together accounting for a further 6%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +61.6%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for fresh or chilled fish fillets exports from Spain, comprising 51% of total exports. The second position in the ranking was taken by Portugal ($X), with a 19% share of total exports. It was followed by France, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy stood at +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+18.7% per year) and France (+4.9% per year).

Export Prices by Country

The average fresh fish fillet export price stood at $X per ton in 2021, surging by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2018 an increase of 17%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Portugal ($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 Greece (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Fresh Fish Fillet Imports

Imports into Spain

In 2021, fresh fish fillet imports into Spain soared to X tons, rising by 48% compared with the year before. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fresh fish fillet imports skyrocketed to $X in 2021. In general, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) constituted the largest fresh fish fillet supplier to Spain, accounting for a 57% share of total imports. Moreover, fresh fish fillet imports from Sweden exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), eightfold. The third position in this ranking was held by Denmark (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden totaled +62.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-15.1% per year) and Denmark (-7.5% per year).

In value terms, Sweden ($X) constituted the largest supplier of fresh or chilled fish fillets to Spain, comprising 58% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 7.4% share of total imports. It was followed by France, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from Sweden amounted to +69.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-10.5% per year) and France (+18.9% per year).

Import Prices by Country

In 2021, the average fresh fish fillet import price amounted to $X per ton, picking up by 10% against the previous year. Over the period under review, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fresh fish fillet import price increased by +66.2% against 2015 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 16% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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