Spain: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in Spain

The Spanish frozen atlantic halibut market skyrocketed to $X in 2020, growing by X% against the previous year. Over the period under review, consumption, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Frozen Atlantic Halibut Production in Spain

In value terms, frozen atlantic halibut production dropped to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% against the previous year. Frozen atlantic halibut production peaked at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.

Frozen Atlantic Halibut Exports

Exports from Spain

In 2020, approx. X tons of frozen atlantic halibut were exported from Spain; dropping by -X% compared with the year before. In general, total exports indicated noticeable growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at X tons in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen atlantic halibut exports reduced dramatically to $X in 2020. Overall, total exports indicated a notable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Exports peaked at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for frozen atlantic halibut exports from Spain, accounting for a X% share of total exports. Moreover, frozen atlantic halibut exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), eightfold. The third position in this ranking was occupied by Portugal (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+X% per year) and Portugal (-X% per year).

In value terms, China ($X) remains the key foreign market for frozen atlantic halibut exports from Spain, comprising X% of total exports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Portugal, with a X% share.

From 2007 to 2020, the average annual growth rate of value to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+X% per year) and Portugal (-X% per year).

Export Prices by Country

In 2020, the average frozen atlantic halibut export price amounted to $X per ton, which is down by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. Over the period under review, average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat for the major overseas markets. In 2020, the countries with the highest prices were Taiwan (Chinese) ($X per ton) and Japan ($X per ton), while the average price for exports to China ($X per ton) and Portugal ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Atlantic Halibut Imports

Imports into Spain

In 2020, approx. X tons of frozen atlantic halibut were imported into Spain; which is down by -X% compared with the previous year's figure. Overall, imports faced a drastic downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X% year-to-year. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen atlantic halibut imports contracted notably to $X in 2020. Over the period under review, imports showed a deep contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Portugal (X tons) constituted the largest frozen atlantic halibut supplier to Spain, with a X% share of total imports. Moreover, frozen atlantic halibut imports from Portugal exceeded the figures recorded by the second-largest supplier, Russia (X tons), eightfold. Denmark (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Portugal amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-X% per year) and Denmark (-X% per year).

In value terms, Portugal ($X) constituted the largest supplier of frozen atlantic halibut to Spain, comprising X% of total imports. The second position in the ranking was occupied by Russia ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Portugal stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-X% per year) and Denmark (-X% per year).

Import Prices by Country

In 2020, the average frozen atlantic halibut import price amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Denmark ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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