Spain: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in Spain

In 2022, the Spanish dried or salted fish market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a pronounced slump. Dried or salted fish consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Dried Or Salted Fish in Spain

In value terms, dried or salted fish production fell to $X in 2022 estimated in export price. In general, production recorded a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Dried or salted fish production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Dried Or Salted Fish

Exports from Spain

In 2022, overseas shipments of dried or salted fish decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, dried or salted fish exports reduced dramatically to $X in 2022. Over the period under review, total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then fell sharply in the following year.

Exports by Country

Morocco (X tons), France (X tons) and Italy (X tons) were the main destinations of dried or salted fish exports from Spain, together accounting for X% of total exports. Albania, Portugal, Tunisia, Croatia and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for dried or salted fish exported from Spain were Italy ($X), France ($X) and Portugal ($X), together comprising X% of total exports. Albania, Morocco, Tunisia, Germany and Croatia lagged somewhat behind, together comprising a further X%.

Tunisia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average dried or salted fish export price amounted to $X per ton, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Morocco ($X 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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Salted Fish

Imports into Spain

In 2022, overseas purchases of dried or salted fish decreased by X% to X tons, falling for the seventh year in a row after two years of growth. In general, imports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, dried or salted fish imports rose rapidly to $X in 2022. Over the period under review, imports saw a slight decline. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest dried or salted fish supplier to Spain, with a X% share of total imports. Moreover, dried or salted fish imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Sweden (X tons), twofold. The third position in this ranking was held by Germany (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X), Sweden ($X) and Germany ($X) appeared to be the largest dried or salted fish suppliers to Spain, together accounting for X% of total imports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of 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 dried or salted fish import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained 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 Norway ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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