Report Update: Apr 21, 2024

Portugal - Dried Or Smoked Fish - Market Analysis, Forecast, Size, Trends and Insights

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Price for Dried or Smoked Fish in Portugal - 2023

Price for Dried or Smoked Fish in Portugal (CIF) - 2023

In June 2023, the average dried or smoked fish import price amounted to $8,953 per ton, surging by 3.8% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 14% m-o-m. As a result, import price reached the peak level of $9,800 per ton. From December 2022 to June 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Spain ($11,570 per ton), while the price for China ($5,647 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Dried or Smoked Fish in Portugal (FOB) - 2023

In June 2023, the average dried or smoked fish export price amounted to $7,386 per ton, falling by -10.6% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in April 2023 an increase of 45% against the previous month. As a result, the export price attained the peak level of $10,116 per ton. From May 2023 to June 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($13,697 per ton), while the average price for exports to Vietnam ($1,666 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried or Smoked Fish in Portugal

In 2022, approx. 64K tons of dried or smoked fish were imported into Portugal; with an increase of 6.4% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 7.6% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, dried or smoked fish imports soared to $554M in 2022. The total import value increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Dried or Smoked Fish in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	234	234	251	231	-0.4%
Netherlands	91.5	72.9	71.9	166	22.0%
Spain	40.5	36.2	39.4	47.5	5.5%
China	44.6	32.4	31.6	43.4	-0.9%
Russia	2.3	2.3	6.3	29.7	134.6%
Denmark	17.8	10.8	9.4	13.7	-8.4%
Germany	7.5	6.2	9.7	12.0	17.0%
Norway	22.7	15.9	20.4	2.4	-52.7%
Others	13.8	10.8	9.3	8.8	-13.9%
Total	475	421	449	554	5.3%

Top Suppliers of Dried or Smoked Fish to Portugal in 2022:

Sweden (22.5K tons)
Netherlands (19.9K tons)
China (8.0K tons)
Spain (4.9K tons)
Russia (3.8K tons)
Denmark (2.1K tons)
Germany (1.1K tons)
Norway (0.6K tons)

Exports of Dried or Smoked Fish in Portugal

In 2022, dried or smoked fish exports from Portugal contracted to 11K tons, reducing by -13.5% on the previous year. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 19%. As a result, the exports attained the peak of 13K tons, and then fell in the following year.

In value terms, dried or smoked fish exports reduced modestly to $80M in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12%. As a result, the exports attained the peak of $82M, and then shrank modestly in the following year.

Export of Dried or Smoked Fish in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	18.1	22.9	24.3	20.1	3.6%
Brazil	20.8	13.8	13.4	14.8	-10.7%
Italy	4.1	5.9	8.4	11.3	40.2%
Angola	4.7	2.9	4.6	7.3	15.8%
Spain	9.8	9.1	10.1	6.0	-15.1%
Vietnam	1.3	2.3	1.9	2.3	20.9%
United States	2.0	1.1	2.5	2.0	0.0%
Luxembourg	1.8	1.6	1.8	1.8	0.0%
United Kingdom	1.6	2.4	2.1	1.8	4.0%
Belgium	1.1	1.5	1.4	1.8	17.8%
Germany	1.6	1.7	1.7	1.5	-2.1%
Netherlands	0.7	0.9	1.4	1.1	16.3%
China	0.6	0.4	0.5	0.4	-12.6%
Others	6.0	6.8	7.8	7.6	8.2%
Total	74.3	73.2	82.0	79.7	2.4%

Top Export Markets for Dried or Smoked Fish from Portugal in 2022:

France (2690.2 tons)
Brazil (1480.2 tons)
Angola (1392.3 tons)
Vietnam (1306.8 tons)
Italy (1098.3 tons)
Spain (883.2 tons)
Belgium (261.7 tons)
Luxembourg (210.9 tons)
United States (197.2 tons)
China (195.3 tons)
Netherlands (182.0 tons)
United Kingdom (166.8 tons)
Germany (146.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for dried or smoked fish 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 10202100 - Fish fillets, dried, salted or in brine, but not smoked
Prodcom 10202350 - Dried fish, whether or not salted, fish, salted but not dried, fish in brine (excluding fillets, smoked, heads, tails and maws)
Prodcom 10202425 - Smoked Pacific, Atlantic and Danube salmon (including fillets, e xcluding heads, tails and maws)
Prodcom 10202455 - Smoked herrings (including fillets, excluding heads, tails and maws)
Prodcom 10202485 - Smoked fish (excluding herrings, Pacific, Atlantic and Danube salmon), including fillets, excluding head, tails and maws
Prodcom 10202200 - Flours, meals and pellets of fish, fit for human consumption, f ish livers and roes, dried, smoked, salted or in brine

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023