The smoked fish market in Portugal has shown consistent growth, reaching a size of 28.577 million Euros in 2023. From 2013 to 2023, the market experienced upward trends with periods of significant acceleration, particularly notable between 2016 and 2019. The year-on-year growth rate has slowed slightly over the last two years, with increases of 3.41% in 2022 and 3.31% in 2023. The compound annual growth rate over the last five years stands at 5.61%, indicating steady development.
Future trends to watch include:
- Impact of consumer preferences shifting towards sustainable and organically sourced seafood, potentially driving demand.
- Technological advancements in smoking processes that could enhance product offerings.
- Regulatory changes affecting import/export dynamics which could influence market prices and availability.
How does Portugal rank in Smoked Fish Market Size Value?
| # | 7 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 985,040,000 | 2023 | -0.89% | -1.61% | View data |
| 2 | 2 Italy | 539,100,000 | 2023 | +4.32% | +2.78% | View data |
| 3 | 3 Spain | 443,360,000 | 2023 | +3.6% | +3.51% | View data |
| 4 | 4 Belgium | 228,700,000 | 2023 | +6.34% | +8.59% | View data |
| 5 | 5 Austria | 69,430,000 | 2023 | +4.99% | -1.5% | View data |
| 6 | 6 Ireland | 45,174,000 | 2023 | +1.07% | +1.4% | View data |
| 7 | 7 Portugal | 28,577,000 | 2023 | +3.31% | +5.61% |
