The sold production of frozen fish meat (excluding fillets) in Spain has shown variability over the past decade. From a peak in 2015 at 67.224 million euros, the value dipped significantly to 43.455 million euros by 2018. Since then, a steady recovery with minor fluctuations was observed, culminating at 47.946 million euros in 2023. The year-on-year growth rates have stabilized around 0.5% from 2020 to 2023, showing a more stable trend compared to previous years.
The Compound Annual Growth Rate (CAGR) for the past five years stands at approximately 1.99%, indicating a modest recovery from the low points of 2018. From 2024 onward, the forecast suggests a continued steady growth with a predicted 0.38% CAGR up to 2028, reaching around 49.125 million euros by the end of the period.
- Year 2023 value: 47.946 million euros
- Forecast CAGR (2024-2028): 0.38%
- Forecast growth rate (total over the next 5 years): 1.94%
The future trends to watch for include potential impacts from changes in consumer preferences towards sustainable and locally-sourced seafood, regulatory changes regarding fishing quotas, and economic factors affecting disposable income and market demand. Technological advancements in freezing and logistics could also play a role in influencing the market dynamics.
