From 2010 to 2023, dried fish prices in Portugal showed an overall upward trend, fluctuating from 7.45 Euros/kg to an estimated 10.55 Euros/kg in 2023. Notably, between 2019 and 2020, prices marginally declined. The average annual growth (CAGR) over the past five years indicates a significant increase, reflecting a strong market demand or cost factors influencing the supply chain.
In recent years, price variations have become more pronounced, with the highest peak in 2019. From 2020 to 2023, slight contractions and steady growth were observed, signaling potential market stabilizations or external economic influences.
Future trends to monitor include the impact of sustainability initiatives, potential EU regulatory changes on fishing practices, and global supply chain disruptions, which might influence price stability and consumer demand for dried fish products.
