Over the past decade, the Spanish market for dried, salted, or in brine fish fillets has experienced fluctuations. The market value in 2023 stood at 102.32 million Euros, after experiencing a slight recovery with a year-on-year growth of 2.08%. The trend from 2013 to 2023 highlights periods of decline and recovery, with a notable surge in 2018. The five-year compound annual growth rate (CAGR) leading up to 2023 was -3.28%, indicating an overall downward trend in recent years.
Future trends to watch for include:
- Consumer preference shifts towards healthier and more sustainable options.
- Potential impacts of economic fluctuations on disposable income and market demand.
- Regulatory changes affecting fishery practices and imports.
- Technological advancements in preservation affecting production efficiency and cost.