The Dried Fish Market in Portugal reached a size of 871.34 million Euros in 2023. Over the last decade, the market has experienced fluctuations with notable growth spurts in 2016 and 2019 but saw declines in subsequent years. The year-on-year variation for 2023 was a modest growth of 1.41%, recovering slightly from previous reductions. From 2019 to 2023, the compound annual growth rate (CAGR) was relatively low at 1.63%, indicating a slow and steady increase in market size.
Looking forward, key trends to watch include:
- Consumer preferences for sustainable and locally sourced dried fish products.
- The influence of global economic conditions on consumer spending patterns.
- Technological advancements in preservation methods potentially expanding product offerings.
- Environmental regulations impacting fishing practices and supply chains.
How does Portugal rank in Dried FIsh Market Size Value?
| # | 5 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 871,340,000 | 2023 | +1.41% | +1.63% | |
| 2 | 2 Spain | 340,270,000 | 2023 | -0.39% | -1.19% | View data |
| 3 | 3 Italy | 169,490,000 | 2023 | +0.53% | +1.34% | View data |
| 4 | 4 Greece | 13,628,000 | 2023 | -3.86% | -4.34% | View data |
| 5 | 5 Poland | 5,897,200 | 2023 | -2.62% | -4.95% | View data |
