The Romanian frozen fish market reached a value of 99.55 million Euros in 2023. Analyzing the last two years, the market saw a steady increase, with year-on-year growth rates of 3.85% in 2022 and 3.67% in 2023. Over the past five years, the compound annual growth rate (CAGR) was slightly negative at -0.075%, indicating a period of stabilization after fluctuations in prior years. The market, after peaking in 2017, faced a decline and contraction phase, followed by a gradual recovery from 2020 onwards.
Future trends to watch for include:
- Potential shifts in consumer preferences towards sustainable and locally-sourced fish varieties.
- An increase in online retail and delivery services may impact distribution channels for frozen fish.
- Influence of economic conditions and inflation on consumer purchasing power.
- Technological advancements in freezing and preservation techniques that could impact product quality and shelf life.
How does Romania 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% | View data |
| 2 | 2 Italy | 613,610,000 | 2023 | +0.2% | +1.03% | View data |
| 3 | 3 Romania | 99,550,000 | 2023 | +3.67% | -0.075% | |
| 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 |
