Portugal - Frozen Fish Fillet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Fillet Price in Portugal - 2023
Contents:
- Frozen Fish Fillet Price in Portugal (CIF) - 2023
- Frozen Fish Fillet Price in Portugal (FOB) - 2023
- Frozen Fish Fillet Imports in Portugal
- Frozen Fish Fillet Exports in Portugal
Frozen Fish Fillet Price in Portugal (CIF) - 2023
The average frozen fish fillet import price stood at $6,170 per ton in July 2023, with a decrease of -10.5% against the previous month. Over the period under review, the import price, however, showed a mild expansion. The growth pace was the most rapid in June 2023 when the average import price increased by 15% month-to-month. As a result, import price attained the peak level of $6,892 per ton, and then contracted in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Ecuador ($7,893 per ton), while the price for Vietnam ($2,212 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Fillet Price in Portugal (FOB) - 2023
In July 2023, the average frozen fish fillet export price amounted to $7,026 per ton, increasing by 3.8% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 14% against the previous month. The export price peaked at $7,451 per ton in November 2022; however, from December 2022 to July 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In July 2023, the country with the highest price was Brazil ($8,029 per ton), while the average price for exports to Spain ($6,937 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Fish Fillet Imports in Portugal
In 2022, imports of frozen fish fillet into Portugal skyrocketed to 22K tons, increasing by 17% against the year before. In general, imports, however, continue to indicate a pronounced slump.
In value terms, frozen fish fillet imports surged to $125M in 2022. Overall, total imports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +4.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Fish Fillet in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 29.0 | 22.4 | 24.9 | 33.1 | 4.5% |
| Ecuador | 1.2 | 1.8 | 9.8 | 19.5 | 153.3% |
| China | 14.2 | 10.9 | 7.6 | 10.0 | -11.0% |
| Vietnam | 9.8 | 6.9 | 5.0 | 9.5 | -1.0% |
| South Africa | 7.5 | 4.8 | 9.0 | 9.3 | 7.4% |
| Chile | 7.5 | 5.8 | 3.8 | 7.8 | 1.3% |
| Denmark | 4.1 | 6.6 | 6.7 | 6.7 | 17.8% |
| Argentina | 4.8 | 3.3 | 4.2 | 4.8 | 0.0% |
| Ghana | 1.1 | 1.3 | 3.5 | 4.4 | 58.7% |
| United States | 1.7 | 2.3 | 1.8 | 2.6 | 15.2% |
| Namibia | 11.5 | N/A | N/A | N/A | 0% |
| Others | 16.2 | 9.7 | 13.6 | 17.4 | 2.4% |
| Total | 109 | 75.7 | 90.0 | 125 | 4.7% |
Top Suppliers of Frozen Fish Fillet to Portugal in 2022:
- Spain (5.8K tons)
- Vietnam (2.9K tons)
- China (2.5K tons)
- Ecuador (2.4K tons)
- South Africa (1.9K tons)
- Argentina (1.2K tons)
- United States (0.8K tons)
- Chile (0.8K tons)
- Ghana (0.7K tons)
- Denmark (0.6K tons)
Frozen Fish Fillet Exports in Portugal
In 2022, approx. 10K tons of frozen fish fillet were exported from Portugal; picking up by 35% on the previous year's figure. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.7% 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 +82.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, frozen fish fillet exports skyrocketed to $66M in 2022. In general, exports posted strong growth. The growth pace was the most rapid in 2021 with an increase of 73%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Frozen Fish Fillet in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 29.5 | 16.3 | 27.9 | 46.2 | 16.1% |
| Italy | 7.6 | 3.1 | 5.5 | 8.7 | 4.6% |
| Brazil | 0.6 | 1.3 | 4.2 | 3.8 | 85.0% |
| France | 1.4 | 0.6 | 0.9 | 1.3 | -2.4% |
| Poland | 2.1 | 1.4 | 0.6 | 0.1 | -63.8% |
| Others | 4.4 | 2.5 | 4.3 | 6.3 | 12.7% |
| Total | 45.6 | 25.1 | 43.4 | 66.5 | 13.4% |
Top Export Markets for Frozen Fish Fillet from Portugal in 2022:
- Poland (undefinedK tons)
- Spain (7.6K tons)
- Italy (1.3K tons)
- Brazil (0.5K tons)
- France (0.2K tons)
This report provides an in-depth analysis of the frozen fish fillet market in Portugal. 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 10201400 - Frozen fish fillets
Country coverage:
- Portugal
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Portugal
- 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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