Spain: Frozen Fish Market 2024

Frozen Fish Market Size in Spain

The Spanish frozen fish market rose markedly to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Frozen Fish Production in Spain

In value terms, frozen fish production rose significantly to $X in 2022 estimated in export price. Overall, the total production indicated a resilient 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, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Frozen fish production peaked in 2022 and is expected to retain growth in the near future.

Frozen Fish Exports

Exports from Spain

In 2022, shipments abroad of frozen fish decreased by X% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, exports recorded a slight setback. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen fish exports rose markedly to $X in 2022. In general, exports, however, recorded a slight expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Portugal (X tons), Italy (X tons) and Ecuador (X tons) were the main destinations of frozen fish exports from Spain, with a combined X% share of total exports. Mauritius, Morocco, Seychelles, France, Thailand, Ukraine, South Africa, China, Cabo Verde and Turkey lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for frozen fish exported from Spain were Italy ($X), Portugal ($X) and France ($X), together comprising X% of total exports. China, Ecuador, Seychelles, Mauritius, Morocco, Thailand, Ukraine, Cabo Verde, Turkey and South Africa lagged somewhat behind, together comprising a further X%.

South Africa, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

The average frozen fish export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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

Frozen Fish Imports

Imports into Spain

In 2022, approx. X tons of frozen fish were imported into Spain; reducing by X% against 2021 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fish imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Portugal (X tons) and Morocco (X tons) were the main suppliers of frozen fish imports to Spain, together accounting for X% of total imports. China, Seychelles, South Africa, the United States, Mexico, El Salvador, Argentina, France, Guatemala and Chile lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest frozen fish suppliers to Spain were the Netherlands ($X), Portugal ($X) and China ($X), with a combined X% share of total imports. Mexico, Chile, South Africa, the United States, Seychelles, Argentina, Morocco, France, Guatemala and El Salvador lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, El Salvador, with a CAGR of X%, recorded 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 frozen fish import price stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, 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 Chile ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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