Spain: Frozen Fish Market 2024

Frozen Fish Market Size in Spain

The Spanish frozen fish market rose remarkably to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Frozen Fish Production in Spain

In value terms, frozen fish production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when the production volume increased by X%. Frozen fish production peaked in 2022 and is likely to see gradual growth in years to come.

Frozen Fish Exports

Exports from Spain

In 2022, overseas shipments of frozen fish decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. Overall, exports continue to indicate a slight slump. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, frozen fish exports rose significantly to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Portugal (X tons), Italy (X tons) and Ecuador (X tons) were the main destinations of frozen fish exports from Spain, together comprising X% of total exports. Mauritius, Morocco, Seychelles, France, Thailand, Ukraine, South Africa, China, Cabo Verde and Turkey lagged somewhat behind, together accounting for 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 South Africa (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

South Africa, with a CAGR of X%, saw the highest growth rate of 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 export price amounted to $X per ton, increasing 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%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to South Africa ($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 Cabo Verde (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into Spain

For the third consecutive year, Spain recorded decline in purchases abroad of frozen fish, which decreased by X% to X tons in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, frozen fish imports expanded markedly 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 remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Portugal (X tons) and Morocco (X tons) were the main suppliers of frozen fish imports to Spain, with a combined X% share of total imports. China, Seychelles, South Africa, the United States, Mexico, El Salvador, Argentina, Chile, Guatemala and Panama 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, the largest frozen fish suppliers to Spain were the Netherlands ($X), Portugal ($X) and China ($X), with a combined X% share of total imports. Mexico, Chile, South Africa, the United States, Seychelles, Argentina, Morocco, Panama, Guatemala and El Salvador lagged somewhat behind, together comprising a further X%.

El Salvador, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen fish import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Chile ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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