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

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

The Spanish fish meals and pellet market dropped remarkably to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, continues to indicate a perceptible increase. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Flours, Meals And Pellets Of Fish in Spain

In value terms, fish meals and pellet production contracted slightly to $X in 2022 estimated in export price. In general, production recorded a perceptible downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Flours, Meals And Pellets Of Fish

Exports from Spain

Fish meals and pellet exports from Spain surged to X tons in 2022, with an increase of X% against the year before. Overall, exports, however, saw a deep setback. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, fish meals and pellet exports soared to $X in 2022. In general, exports posted measured growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for fish meals and pellet exports from Spain, accounting for a X% share of total exports. Moreover, fish meals and pellet exports to Italy exceeded the volume sent to the second major destination, France (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Portugal (X% per year).

In value terms, Italy ($X), France ($X) and Portugal ($X) were the largest markets for fish meals and pellet exported from Spain worldwide, with a combined X% share of total exports.

France, with a CAGR of X%, saw 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 mixed trend patterns.

Export Prices by Country

In 2022, the average fish meals and pellet export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2015 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

In 2022, overseas purchases of flours, meals and pellets of fish increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports continue to indicate a tangible increase. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, fish meals and pellet imports rose to $X in 2022. Over the period under review, total imports indicated a perceptible expansion 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. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Denmark (X tons) constituted the largest fish meals and pellet supplier to Spain, accounting for a X% share of total imports. Moreover, fish meals and pellet imports from Denmark exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by Sweden (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Sweden (X% per year).

In value terms, Denmark ($X), Sweden ($X) and France ($X) appeared to be the largest fish meals and pellet suppliers to Spain, with a combined X% share of total imports.

In terms of the main suppliers, Sweden, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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, approximately mirroring the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then fell in the following year.

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 ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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