Spain: Smoked Salmon Market 2024

Smoked Salmon Market Size in Spain

The Spanish smoked salmon market soared to $X in 2022, rising by X% against the previous year. In general, the total consumption indicated a mild 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, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Smoked Salmon Production in Spain

In value terms, smoked salmon production surged to $X in 2022 estimated in export price. In general, the total production indicated slight 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. Based on 2022 figures, production decreased by X% against 2020 indices. Smoked salmon production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Smoked Salmon Exports

Exports from Spain

In 2022, approx. X tons of smoked pacific, atlantic and danube salmon were exported from Spain; waning by X% on 2021 figures. Overall, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, smoked salmon exports expanded notably to $X in 2022. Over the period under review, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Portugal (X tons) was the main destination for smoked salmon exports from Spain, with a X% share of total exports. Moreover, smoked salmon exports to Portugal exceeded the volume sent to the second major destination, Italy (X tons), threefold. Andorra (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for smoked salmon exported from Spain were Portugal ($X), Italy ($X) and Andorra ($X), with a combined X% share of total exports. Cabo Verde, Cuba, the United States and France lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to 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 smoked salmon export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

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

Smoked Salmon Imports

Imports into Spain

In 2022, overseas purchases of smoked pacific, atlantic and danube salmon increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, imports posted a tangible increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, smoked salmon imports soared to $X in 2022. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of smoked salmon to Spain, with a X% share of total imports. Moreover, smoked salmon imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), sixfold. France (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of smoked pacific, atlantic and danube salmon to Spain, comprising X% of total imports. The second position in the ranking was taken by Sweden ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

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

Import Prices by Country

In 2022, the average smoked salmon import price amounted to $X per ton, rising by X% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price 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, smoked salmon import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady 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 the Netherlands ($X per ton), while the price for Poland ($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 UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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