Spain: Market for Fresh Or Chilled Salmonoids Meat 2024

Market Size for Fresh Or Chilled Salmonoids Meat in Spain

In 2022, the Spanish market for fresh or chilled salmonoids meat decreased by -85.3% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, showed a significant increase. Over the period under review, the market attained the peak level at $X in 2021, and then declined markedly in the following year.

Exports of Fresh Or Chilled Salmonoids Meat

Exports from Spain

In 2022, overseas shipments of fresh or chilled salmonoids meat decreased by -71.9% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2015 with an increase of 1,451% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, fresh or chilled salmonoids meat exports dropped rapidly to $X in 2022. Overall, exports showed a precipitous descent. The growth pace was the most rapid in 2015 when exports increased by 2,594% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for fresh or chilled salmonoids meat exports from Spain, accounting for a 88% share of total exports. Moreover, fresh or chilled salmonoids meat exports to France exceeded the volume sent to the second major destination, Italy (X kg), more than tenfold. Portugal (X kg) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to -10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-27.7% per year) and Portugal (-24.6% per year).

In value terms, France ($X) emerged as the key foreign market for fresh or chilled salmonoids meat exports from Spain, comprising 91% of total exports. The second position in the ranking was taken by Italy ($X), with a 5.1% share of total exports. It was followed by Portugal, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value to France stood at +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-22.9% per year) and Portugal (-23.0% per year).

Export Prices by Country

The average export price for fresh or chilled salmonoids meat stood at $X per ton in 2022, growing by 13% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 74%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Gibraltar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Or Chilled Salmonoids Meat

Imports into Spain

In 2022, after two years of growth, there was significant decline in overseas purchases of fresh or chilled salmonoids meat, when their volume decreased by -79.3% to X tons. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 2,961% against the previous year. Imports peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, fresh or chilled salmonoids meat imports plummeted to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 1,886%. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank sharply in the following year.

Imports by Country

The Netherlands (X tons), Poland (X tons) and Italy (X kg) were the main suppliers of fresh or chilled salmonoids meat imports to Spain, together accounting for 95% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +165.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest fresh or chilled salmonoids meat suppliers to Spain were the Netherlands ($X), Poland ($X) and Denmark ($X), with a combined 96% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +172.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for fresh or chilled salmonoids meat stood at $X per ton in 2022, waning by -26.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 101%. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :