The dried fish market in Spain has witnessed a consistent decline in volume from 2012 through 2022. Starting at 39.932 million kilograms in 2012, the market has shrunk to 28.585 million kilograms in 2022. This represents a decade-long downward trend with notable year-on-year declines, such as a -7.76% in 2012 and -6.7% in 2019. Across the past five years, the market saw an average annual decline rate (CAGR) of -3.51%. Notably, the market nearly contracted by approximately -3.1% in both 2021 and 2022, maintaining a continuous negative trend.
As we move into 2024, future trends to watch for would include evolving consumer preferences, potential shifts towards healthier or alternative protein sources, and impacts of regulatory changes. Additionally, market players should stay vigilant regarding global trade policies and environmental considerations influencing the dried fish industry.
How does Spain rank in Dried FIsh Market Size Volume?
| # | 5 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 83,884,000 | 2023 | -0.48% | +0.037% | View data |
| 2 | 2 Spain | 27,688,000 | 2023 | -3.14% | -3.51% | |
| 3 | 3 Italy | 16,915,000 | 2023 | -0.027% | -3.62% | View data |
| 4 | 4 France | 8,369,300 | 2023 | -3.21% | -1.18% | View data |
| 5 | 5 Finland | 409,300 | 2023 | -1.95% | -6.45% | View data |
