The frozen fish market volume per capita in Portugal has shown a gradual decline from 2013, starting at 16.45 kg and reaching 13.63 kg by 2023. From 2019 onward, there is a noticeable downward trend with a modest decrease each year. The most recent year-on-year change in 2023 shows a decrease of -1.1%. Over the last five years, the compound annual growth rate (CAGR) is approximately -3.3%, indicating a steady decline.
Future trends to watch for include potential shifts in consumer preferences towards fresh or alternative protein sources, which could continue to impact the frozen fish market negatively. Additionally, sustainability and supply chain shifts may play critical roles in shaping the market's trajectory. Monitoring these factors will be essential to understanding the future of the frozen fish industry in Portugal.
