Spain: Frozen Fish Fillet Market 2025

Frozen Fish Fillet Market Size in Spain

In 2022, the Spanish frozen fish fillet market increased by 32% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Frozen Fish Fillet Production in Spain

In value terms, frozen fish fillet production surged to $X in 2022 estimated in export price. In general, production, however, posted buoyant growth. The pace of growth was the most pronounced in 2021 when the production volume increased by 32% against the previous year. Frozen fish fillet production peaked in 2022 and is likely to see gradual growth in years to come.

Frozen Fish Fillet Exports

Exports from Spain

In 2022, shipments abroad of frozen fish fillet increased by 2.7% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +19.3% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 22%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, frozen fish fillet exports skyrocketed to $X in 2022. In general, exports recorded a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by 30%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Italy (X tons) was the main destination for frozen fish fillet exports from Spain, accounting for a 37% share of total exports. Moreover, frozen fish fillet exports to Italy exceeded the volume sent to the second major destination, Portugal (X tons), twofold. The third position in this ranking was taken by France (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-1.3% per year) and France (+12.4% per year).

In value terms, Italy ($X), South Korea ($X) and Japan ($X) appeared to be the largest markets for frozen fish fillet exported from Spain worldwide, with a combined 62% share of total exports.

Japan, with a CAGR of +44.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 fillet export price amounted to $X per ton, increasing by 20% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fish fillet export price increased by +34.3% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Poland ($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 the Netherlands (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Fillet Imports

Imports into Spain

Frozen fish fillet imports into Spain soared to X tons in 2022, with an increase of 24% on 2021 figures. In general, imports saw a relatively flat trend pattern. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fish fillet imports soared to $X in 2022. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Namibia (X tons), China (X tons) and Iceland (X tons) were the main suppliers of frozen fish fillet imports to Spain, together comprising 47% of total imports. Argentina, Vietnam, South Africa, Mexico, the United States, Russia, Portugal, the Netherlands, Ecuador and Chile lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +56.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish fillet suppliers to Spain were Namibia ($X), China ($X) and Iceland ($X), together accounting for 43% of total imports. Mexico, Argentina, South Africa, Russia, Portugal, Chile, Vietnam, Ecuador, the Netherlands and the United States lagged somewhat behind, together comprising a further 38%.

Among the main suppliers, Russia, with a CAGR of +64.6%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average frozen fish fillet import price amounted to $X per ton, picking up by 12% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fish fillet import price increased by +21.4% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 16%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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