Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Spain - 2023

Contents:

  1. Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Spain (CIF) - 2023
  2. Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Spain (FOB) - 2023
  3. Imports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Spain
  4. Exports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Spain

Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Spain (CIF) - 2023

In November 2023, the average import price for fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s amounted to $7,440 per ton, stabilizing at the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 25% against the previous month. As a result, import price attained the peak level of $9,354 per ton. From May 2023 to November 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the highest price was recorded for prices from Germany ($8,154 per ton) and Russia ($7,930 per ton), while the price for China ($5,613 per ton) and Poland ($6,661 per ton) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Poland (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Spain (FOB) - 2023

In November 2023, the average export price for fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s amounted to $9,559 per ton, reducing by -3.5% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average export price increased by 10% month-to-month. As a result, the export price attained the peak level of $10,200 per ton. From June 2023 to November 2023, the the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In November 2023, the countries with the highest prices were France ($11,494 per ton) and Italy ($9,613 per ton), while the average price for exports to Greece ($7,818 per ton) and Portugal ($9,160 per ton) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Spain

In 2022, approx. 29K tons of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s were imported into Spain; with a decrease of -2% on 2021 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 8% against the previous year. As a result, imports reached the peak of 29K tons, and then reduced slightly in the following year.

In value terms, imports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s rose notably to $200M in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands28.464.790.610052.1%
China48.835.533.845.3-2.5%
Russia28.421.524.528.3-0.1%
Denmark2.27.16.16.744.9%
Iceland43.915.16.74.1-54.6%
Poland0.43.83.14.0115.4%
Portugal0.71.52.43.672.6%
Germany4.23.93.73.6-5.0%
Others14.28.84.03.9-35.0%
Total1711621752005.4%

Top Suppliers of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) to Spain in 2022:

  1. Netherlands (13.7K tons)
  2. China (7.7K tons)
  3. Russia (3.8K tons)
  4. Denmark (0.8K tons)
  5. Portugal (0.7K tons)
  6. Iceland (0.6K tons)
  7. Poland (0.6K tons)
  8. Germany (0.5K tons)

Exports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Spain

In 2022, shipments abroad of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s decreased by -14.5% to 4.3K tons, falling for the second consecutive year after two years of growth. In general, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2020 when exports increased by 0.9% against the previous year. As a result, the exports reached the peak of 5.6K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s fell slightly to $37M in 2022. Over the period under review, exports recorded a slight contraction. The smallest decline of -0.1% was in 2021.

Export of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy18.717.319.019.81.9%
Portugal6.26.75.47.88.0%
France4.45.64.34.61.5%
Netherlands2.34.03.00.6-36.1%
Greece0.70.31.50.3-24.6%
Poland1.81.00.30.2-51.9%
United Kingdom2.01.10.10.2-53.6%
Others2.21.13.53.010.9%
Total38.337.137.036.7-1.4%

Top Export Markets for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) from Spain in 2022:

  1. Italy (2285.3 tons)
  2. Portugal (1018.2 tons)
  3. France (533.7 tons)
  4. Netherlands (79.6 tons)
  5. Greece (52.5 tons)
  6. Poland (22.3 tons)
  7. United Kingdom (20.2 tons)

Source: IndexBox Market Intelligence Platform

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