The dried fish market in Portugal experienced a general decline in per capita volume from 2013's 9.45 kilograms to 8.33 kilograms in 2023. The sharpest drop occurred between 2016 and 2017. The past two years have shown stabilization, with slight increases to 8.32 and then 8.33 kilograms in 2022 and 2023, respectively. Over the last five years, the Compound Annual Growth Rate (CAGR) indicates a decrease, reflecting the overall long-term downward trend from 2013.
Future trends to watch for include shifts in consumer preferences toward fresher or alternative protein sources, which could further impact dried fish consumption. Additionally, emerging health and sustainability considerations may alter market dynamics.
