From 2013 to 2023, the Portuguese frozen fish market increased its value from €660.11 million to €1,008.7 million. Over this period, the market showed robust growth, particularly between 2015 and 2017. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 stands at 1.37%, highlighting a steady, though modest, enhancement in market size. More recently, from 2022 to 2023, there was a 1.77% year-on-year growth.
Future trends to watch for:
- An increase in demand due to rising health consciousness.
- Impact of sustainability practices and the emphasis on eco-friendly fishing methods.
- Technology-driven supply chain advancements for better product quality.
- Potential market fluctuations due to economic factors and trade policies.
How does Portugal rank in Frozen Fish Market Size Value?
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 1,008,700,000 | 2023 | +1.77% | +1.37% | |
| 2 | 2 Italy | 613,610,000 | 2023 | +0.2% | +1.03% | View data |
| 3 | 3 Romania | 99,550,000 | 2023 | +3.67% | -0.075% | View data |
| 4 | 4 Bulgaria | 52,740,000 | 2023 | +2.18% | +3.1% | View data |
| 5 | 5 Czech Republic | 15,733,000 | 2023 | -1.18% | -1% | View data |
