Portugal: Market for Frozen And Fresh Or Chilled Skipjack Tuna 2024

Market Size for Frozen And Fresh Or Chilled Skipjack Tuna in Portugal

In 2022, the Portuguese market for frozen and fresh or chilled skipjack tuna increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption, however, recorded a mild setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen And Fresh Or Chilled Skipjack Tuna in Portugal

In value terms, production of frozen and fresh or chilled skipjack tuna soared to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production of attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Frozen And Fresh Or Chilled Skipjack Tuna

Exports from Portugal

Exports of frozen and fresh or chilled skipjack tuna from Portugal fell rapidly to X tons in 2022, dropping by X% against the previous year's figure. Overall, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of frozen and fresh or chilled skipjack tuna declined to $X in 2022. Over the period under review, exports, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Spain (X tons) and Italy (X tons) were the main destinations of exports of frozen and fresh or chilled skipjack tuna from Portugal.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%).

In value terms, Italy ($X) remains the key foreign market for frozen and fresh or chilled skipjack tuna exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to X%.

Export Prices by Country

The average export price for frozen and fresh or chilled skipjack tuna stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price, however, recorded a mild reduction. The pace of growth was the most pronounced in 2016 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Spain totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%).

Imports of Frozen And Fresh Or Chilled Skipjack Tuna

Imports into Portugal

In 2022, supplies from abroad of frozen and fresh or chilled skipjack tuna increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of frozen and fresh or chilled skipjack tuna surged to $X in 2022. Overall, imports saw notable growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) was the main frozen and fresh or chilled skipjack tuna supplier to Portugal, accounting for a X% share of total imports. Moreover, imports of frozen and fresh or chilled skipjack tuna from Spain exceeded the figures recorded by the second-largest supplier, Seychelles (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Seychelles (X% per year) and Ghana (X% per year).

In value terms, Spain ($X) constituted the largest supplier of frozen and fresh or chilled skipjack tuna to Portugal, comprising X% of total imports. The second position in the ranking was held by Seychelles ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Seychelles (X% per year) and Ghana (X% per year).

Import Prices by Country

In 2022, the average import price for frozen and fresh or chilled skipjack tuna amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ghana ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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