Portugal: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in Portugal

In 2022, the Portuguese fish meals and pellet market decreased by X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption saw a noticeable curtailment. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Flours, Meals And Pellets Of Fish in Portugal

In value terms, fish meals and pellet production amounted to $X in 2022 estimated in export price. In general, production saw a sharp reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish

Exports from Portugal

In 2022, approx. X tons of flours, meals and pellets of fish were exported from Portugal; with an increase of X% compared with 2021 figures. In general, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, fish meals and pellet exports surged to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X kg), the UK (X kg) and France (X kg) were the main destinations of fish meals and pellet exports from Portugal, together comprising X% of total exports. Luxembourg and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the UK ($X) and Luxembourg ($X) were the largest markets for fish meals and pellet exported from Portugal worldwide, together comprising X% of total exports.

In terms of the main countries of destination, the UK, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fish meals and pellet export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price, however, showed a strong expansion. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then shrank in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Luxembourg ($X per ton) and Spain ($X per ton), while the average price for exports to France ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish

Imports into Portugal

In 2022, overseas purchases of flours, meals and pellets of fish decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, fish meals and pellet imports contracted markedly to $X in 2022. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of fish meals and pellet imports to Portugal, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fish meals and pellet suppliers to Portugal were Spain ($X), Poland ($X) and the Netherlands ($X), together accounting for X% of total imports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fish meals and pellet import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price showed temperate growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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