Spain: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in Spain

In 2022, the Spanish frozen fish and seafood market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Frozen fish and seafood consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Frozen Fish And Seafood in Spain

In value terms, frozen fish and seafood production expanded notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. Frozen fish and seafood production peaked in 2022 and is likely to continue growth in the immediate term.

Exports of Frozen Fish And Seafood

Exports from Spain

In 2022, the amount of frozen fish and seafood exported from Spain dropped modestly to X tons, standing approx. at the previous year. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, frozen fish and seafood exports rose remarkably to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy (X tons), Portugal (X tons) and Ecuador (X tons) were the main destinations of frozen fish and seafood exports from Spain, with a combined X% share of total exports. France, Morocco, Mauritius, China, Seychelles, Thailand, South Africa, South Korea, the United States and Ukraine lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen fish and seafood exported from Spain were Italy ($X), Portugal ($X) and France ($X), together comprising X% of total exports. The United States, South Korea, China, Morocco, Ecuador, Seychelles, Mauritius, Thailand, Ukraine and South Africa lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Morocco, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average frozen fish and seafood export price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Africa ($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 South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Fish And Seafood

Imports into Spain

In 2022, approx. X tons of frozen fish and seafood were imported into Spain; declining by X% on the year before. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, frozen fish and seafood imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Morocco (X tons), Falkland Islands (Malvinas) (X tons) and Ecuador (X tons) were the main suppliers of frozen fish and seafood imports to Spain, together accounting for X% of total imports. Argentina, China, the Netherlands, Peru, Portugal, India, Mauritania, Chile, Seychelles and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Seychelles (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Argentina ($X) and Ecuador ($X) were the largest frozen fish and seafood suppliers to Spain, together comprising X% of total imports. Mauritania, China, Falkland Islands (Malvinas), Portugal, India, the Netherlands, Peru, Chile, the United States and Seychelles lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Seychelles, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average frozen fish and seafood import price amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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