Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Portugal - 2023
Contents:
- Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Portugal (FOB) - 2023
- Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Portugal (CIF) - 2023
- Exports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Portugal
- Imports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Portugal
Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Portugal (FOB) - 2023
The average export price for fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s stood at $8,278 per ton in November 2023, declining by -5.9% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 44% m-o-m. Over the period under review, the average export prices reached the peak figure at $12,410 per ton in January 2023; however, from February 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Saint Barthelemy ($15,826 per ton), while the average price for exports to Brazil ($6,346 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Portugal (CIF) - 2023
The average import price for fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s stood at $4,522 per ton in November 2023, declining by -20.5% against the previous month. Over the period under review, the import price recorded a mild slump. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 16% against the previous month. As a result, import price reached the peak level of $6,006 per ton. From February 2023 to November 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was China ($6,623 per ton), while the price for the United States ($3,599 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Portugal
In 2022, the amount of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s exported from Portugal soared to 1.5K tons, surging by 20% compared with the year before. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 125% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s soared to $13M in 2022. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 195% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.5 | 0.4 | 1.6 | 3.3 | 87.6% |
| Brazil | 0.2 | 1.3 | 4.2 | 2.9 | 143.8% |
| Spain | 5.5 | 1.1 | 1.6 | 2.4 | -24.2% |
| United States | N/A | 0.1 | 1.4 | 1.6 | 300.0% |
| France | 0.1 | N/A | 0.4 | 0.8 | 100.0% |
| United Kingdom | 0.1 | N/A | N/A | 0.8 | 100.0% |
| Others | 0.8 | 0.4 | 0.4 | 0.9 | 4.0% |
| Total | 7.2 | 3.3 | 9.6 | 12.7 | 20.8% |
Top Export Markets for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) from Portugal in 2022:
- Spain (458.5 tons)
- Italy (380.8 tons)
- Brazil (288.5 tons)
- United States (127.6 tons)
- France (93.3 tons)
- United Kingdom (85.5 tons)
Imports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Portugal
In 2022, after two years of decline, there was significant growth in overseas purchases of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s, when their volume increased by 6% to 1.2K tons. In general, imports, however, continue to indicate a abrupt downturn.
In value terms, imports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s skyrocketed to $5.3M in 2022. Overall, imports, however, saw a deep slump.
| Import of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,778 | 1,508 | 1,111 | 1,904 | -11.8% |
| Russia | N/A | 79.4 | 512 | 1,261 | 298.5% |
| Spain | 2,786 | 1,896 | 716 | 731 | -36.0% |
| Denmark | 63.1 | 578 | 82.6 | 483 | 97.1% |
| United States | 250 | 527 | 444 | 396 | 16.6% |
| United Kingdom | 144 | 165 | 450 | 171 | 5.9% |
| Norway | N/A | N/A | N/A | 89.0 | 0% |
| Germany | N/A | N/A | 488 | 38.6 | -92.1% |
| Others | 375 | 367 | 515 | 265 | -10.9% |
| Total | 6,396 | 5,121 | 4,320 | 5,340 | -5.8% |
Top Suppliers of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) to Portugal in 2022:
- China (448.1 tons)
- Russia (232.5 tons)
- Denmark (138.0 tons)
- United States (121.4 tons)
- Spain (119.7 tons)
- United Kingdom (43.3 tons)
- Norway (20.8 tons)
- Germany (12.2 tons)
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