Spain: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in Spain

The Spanish frozen whole fish market contracted sharply to $X in 2023, reducing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced increase. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Frozen Whole Fish Production in Spain

In value terms, frozen whole fish production shrank modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. Frozen whole fish production peaked at $X in 2022, and then reduced slightly in the following year.

Frozen Whole Fish Exports

Exports from Spain

In 2023, shipments abroad of frozen whole fish was finally on the rise to reach X tons after four years of decline. In general, exports, however, showed a slight contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen whole fish exports expanded significantly to $X in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X tons), Ecuador (X tons) and Mauritius (X tons) were the main destinations of frozen whole fish exports from Spain, together comprising X% of total exports. Morocco, Italy, Seychelles, Turkey, China, Ukraine, Egypt, the Philippines, Thailand and Cote d'Ivoire lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Morocco (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 whole fish exported from Spain were Portugal ($X), Italy ($X) and China ($X), with a combined X% share of total exports. Ecuador, Mauritius, Morocco, Seychelles, Turkey, Ukraine, the Philippines, Thailand, Egypt and Cote d'Ivoire lagged somewhat behind, together comprising a further X%.

Morocco, 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 whole fish export price stood at $X per ton in 2023, picking up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2023 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Whole Fish Imports

Imports into Spain

In 2023, approx. X tons of frozen whole fish were imported into Spain; dropping by X% compared with the previous year's figure. In general, imports showed a slight decrease. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, frozen whole fish imports contracted dramatically to $X in 2023. Overall, imports saw a slight curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Morocco (X tons), Portugal (X tons) and the Netherlands (X tons) were the main suppliers of frozen whole fish imports to Spain, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Morocco (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), the Netherlands ($X) and Morocco ($X) appeared to be the largest frozen whole fish suppliers to Spain, with a combined X% share of total imports. South Africa, Chile, Panama, Seychelles, France, El Salvador, Guatemala, Russia, Senegal and Croatia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, El Salvador, with a CAGR of X%, recorded the highest growth rate of 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 whole fish import price stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 2023, the most notable rate of growth in terms of prices was attained by El Salvador (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform