The seafood market in Spain experienced fluctuations over the past years. From 2012 to 2016, the market showed moderate growth, peaking in 2015 with a volume of 1.34 billion kilograms. However, a significant drop occurred in 2017, bringing the volume down to 1.00 billion kilograms. After further declines and minor recoveries, the volume in 2022 stood at 1.02 billion kilograms. This indicates a variable market with notable year-on-year changes, such as a -25.01% dip in 2017 and a 12.15% increase in 2019. The compound annual growth rate (CAGR) for the period presented negative trends, revealing an overall decreasing trajectory despite occasional increases.
Future trends to watch for include potential market stabilization or growth driven by sustainability initiatives, technological advancements in aquaculture, and evolving consumer preferences toward healthier, seafood-rich diets.
How does Spain rank in Seafood Market Size Volume?
| # | 15 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,039,200,000 | 2023 | -1.62% | +1.65% | |
| 2 | 2 Denmark | 695,410,000 | 2023 | -0.31% | -0.19% | View data |
| 3 | 3 Italy | 659,090,000 | 2023 | +0.46% | -1.71% | View data |
| 4 | 4 France | 601,260,000 | 2023 | -1.93% | +0.22% | View data |
| 5 | 5 United Kingdom | 535,230,000 | 2023 | -1.1% | -0.87% | View data |
