Spain - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Crustaceans Price in Spain - 2023
Contents:
- Frozen Crustaceans Price in Spain (CIF) - 2023
- Frozen Crustaceans Price in Spain (FOB) - 2023
- Frozen Crustaceans Imports in Spain
- Frozen Crustaceans Exports in Spain
Frozen Crustaceans Price in Spain (CIF) - 2023
In August 2023, the average frozen crustaceans import price amounted to $7,131 per ton, shrinking by -5.6% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 7.3% month-to-month. The import price peaked at $8,023 per ton in November 2022; however, from December 2022 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Angola ($14,758 per ton), while the price for Venezuela ($4,862 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Belgium (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Crustaceans Price in Spain (FOB) - 2023
The average frozen crustaceans export price stood at $10,028 per ton in August 2023, picking up by 4.3% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.3%. The growth pace was the most rapid in September 2022 an increase of 25% against the previous month. Over the period under review, the average export prices reached the maximum at $10,250 per ton in October 2022; however, from November 2022 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was the United States ($14,650 per ton), while the average price for exports to South Africa ($4,812 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Crustaceans Imports in Spain
In 2022, approx. 187K tons of frozen crustaceans were imported into Spain; declining by -2.2% against 2021 figures. The total import volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, imports reached the peak of 191K tons, and then fell modestly in the following year.
In value terms, frozen crustaceans imports fell to $1.5B in 2022. The total import value increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of $1.5B, and then shrank slightly in the following year.
| Import of Frozen Crustaceans in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 225 | 249 | 327 | 369 | 17.9% |
| Argentina | 346 | 284 | 436 | 350 | 0.4% |
| China | 95.3 | 80.3 | 93.6 | 93.8 | -0.5% |
| Morocco | 64.3 | 56.6 | 82.8 | 83.1 | 8.9% |
| Portugal | 49.7 | 48.4 | 72.2 | 69.8 | 12.0% |
| France | 19.5 | 15.8 | 35.2 | 39.7 | 26.7% |
| Venezuela | 39.2 | 32.9 | 38.5 | 36.2 | -2.6% |
| Senegal | 26.9 | 23.1 | 34.8 | 31.8 | 5.7% |
| Nicaragua | 50.2 | 37.7 | 26.6 | 30.6 | -15.2% |
| Peru | 30.3 | 20.2 | 27.9 | 28.6 | -1.9% |
| Belgium | 17.8 | 24.3 | 23.2 | 22.4 | 8.0% |
| Netherlands | 25.9 | 19.6 | 22.9 | 20.9 | -6.9% |
| Others | 321 | 242 | 263 | 290 | -3.3% |
| Total | 1,311 | 1,134 | 1,484 | 1,466 | 3.8% |
Top Suppliers of Frozen Crustaceans to Spain in 2022:
- Ecuador (61.6K tons)
- Argentina (47.2K tons)
- China (11.0K tons)
- Portugal (7.7K tons)
- Venezuela (7.0K tons)
- Nicaragua (4.8K tons)
- Peru (4.4K tons)
- Morocco (4.3K tons)
- Senegal (3.7K tons)
- Belgium (3.6K tons)
- France (3.3K tons)
- Netherlands (2.9K tons)
Frozen Crustaceans Exports in Spain
In 2022, approx. 46K tons of frozen crustaceans were exported from Spain; waning by -2.8% compared with the previous year. The total export volume increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, the exports reached the peak of 48K tons, and then fell modestly in the following year.
In value terms, frozen crustaceans exports contracted to $466M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 45%. As a result, the exports reached the peak of $504M, and then fell in the following year.
| Export of Frozen Crustaceans in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 125 | 136 | 205 | 169 | 10.6% |
| Portugal | 90.4 | 78.2 | 120 | 117 | 9.0% |
| France | 55.0 | 50.9 | 69.1 | 60.3 | 3.1% |
| Germany | 17.2 | 19.1 | 24.9 | 33.1 | 24.4% |
| United States | 15.7 | 5.9 | 10.2 | 12.3 | -7.8% |
| Netherlands | 5.9 | 7.0 | 9.8 | 9.0 | 15.1% |
| Greece | 9.2 | 4.4 | 8.4 | 7.9 | -5.0% |
| United Kingdom | 9.4 | 8.0 | 6.2 | 5.5 | -16.4% |
| Others | 37.0 | 36.7 | 49.7 | 51.6 | 11.7% |
| Total | 365 | 346 | 504 | 466 | 8.5% |
Top Export Markets for Frozen Crustaceans from Spain in 2022:
- Italy (14.6K tons)
- Portugal (13.6K tons)
- France (6.5K tons)
- Germany (3.3K tons)
- United States (1.6K tons)
- Netherlands (0.8K tons)
- Greece (0.7K tons)
- United Kingdom (0.4K tons)
This report provides an in-depth analysis of the frozen crustaceans market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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