Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Portugal - 2023
Contents:
- Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Portugal (CIF) - 2023
- Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Portugal (FOB) - 2022
- Imports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Portugal
- Exports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Portugal
Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Portugal (CIF) - 2023
In October 2023, the average import price for fish fillets; fresh or chilled, other than fish of heading 0304.4s amounted to $13,415 per ton, shrinking by -16% against the previous month. Overall, import price indicated tangible growth from October 2022 to October 2023: its price increased at an average monthly rate of +2.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for fish fillets; fresh or chilled, other than fish of heading 0304.4s decreased by -17.7% against August 2023 indices. The pace of growth was the most pronounced in April 2023 when the average import price increased by 27% m-o-m. The import price peaked at $16,303 per ton in August 2023; however, from September 2023 to October 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From October 2022 to October 2023, the rate of growth in terms of prices for Spain amounted to +2.2% per month.
Price for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Portugal (FOB) - 2022
In 2022, the average export price for fish fillets; fresh or chilled, other than fish of heading 0304.4s amounted to $6,398 per ton, flattening at the previous year. Overall, the export price showed a significant expansion. The growth pace was the most rapid in 2014 an increase of 458%. The export price peaked at $7,184 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($16,093 per ton), while the average price for exports to Spain ($4,443 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 Canada (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Portugal
In 2022, the amount of fish fillets; fresh or chilled, other than fish of heading 0304.4s imported into Portugal amounted to 302 tons, remaining stable against the year before. The total import volume increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 8.8%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of fish fillets; fresh or chilled, other than fish of heading 0304.4s shrank to $3.4M in 2022. The total import value increased at an average annual rate of +9.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 32% against the previous year.
| Import of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2.6 | 3.4 | 3.8 | 3.4 | 9.4% |
| Others | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Total | 2.6 | 3.4 | 3.9 | 3.4 | 9.4% |
Top Suppliers of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 to Portugal in 2022:
- Spain (299.0 tons)
Exports of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Portugal
In 2022, overseas shipments of fish fillets; fresh or chilled, other than fish of heading 0304.4s were finally on the rise to reach 16 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a dramatic decline.
In value terms, exports of fish fillets; fresh or chilled, other than fish of heading 0304.4s surged to $102K in 2022. Overall, exports, however, recorded a significant decline.
| Export of Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 172 | 69.5 | 27.6 | 35.7 | -40.8% |
| Canada | 20.8 | 25.4 | 29.6 | 32.8 | 16.4% |
| Spain | 18.7 | 14.5 | 10.0 | 22.5 | 6.4% |
| Croatia | 15.4 | 6.4 | 6.4 | 6.9 | -23.5% |
| Equatorial Guinea | N/A | N/A | 1.5 | 2.0 | 33.3% |
| Slovenia | 6.2 | 5.4 | 1.8 | 0.5 | -56.8% |
| Netherlands | N/A | 45.4 | N/A | N/A | 0% |
| Others | 11.5 | 14.3 | 10.1 | 1.7 | -47.1% |
| Total | 245 | 181 | 87.1 | 102 | -25.3% |
Top Export Markets for Fish Fillets; Fresh or Chilled, Other than Fish of Heading 0304.4 from Portugal in 2022:
- Italy (6.8 tons)
- Spain (5.1 tons)
- Canada (2.0 tons)
- Croatia (1.3 tons)
- Equatorial Guinea (0.3 tons)
- Slovenia (0.1 tons)
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