The Spanish seafood market experienced fluctuations from 2012 to 2022, with values ranging from 7.57 billion euros to 9.05 billion euros. Notably, the market saw a general downward trend between 2012 and 2017, and a significant drop occurred in 2020 due to the impact of the COVID-19 pandemic. However, a recovery was observed in 2021, with an 11.43% increase, followed by a slight decline in 2022.
Key trends and observations include:
- 2012-2013: A decline in market value, with year-on-year decreases of 4.96% and 2.57%, respectively.
- 2014-2015: A positive growth period with substantial increases, particularly an 8.65% rise in 2014 and 4.27% in 2015.
- 2016-2017: A decline phase, highlighted by a year-on-year drop of 6.17% in 2017.
- 2018-2019: A period of stabilization with slight growth, culminating in a 2.37% increase in 2019.
- 2020: A significant contraction due to COVID-19, with an 8.23% decrease.
- 2021-2022: A recovery period with an 11.43% increase in 2021, followed by a slight decline of 2.29% in 2022.
The last five years exhibit a compound annual growth rate (CAGR) of 0.63%. Future trends to watch for include potential market stabilization post-pandemic, shifts in consumer preferences towards sustainable seafood, and the impact of regulatory changes and technological advancements in the seafood supply chain.
How does Spain rank in Seafood Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 8,625,000,000 | 2023 | +0.43% | +1.35% | |
| 2 | 2 France | 5,603,800,000 | 2023 | -0.7% | -2.49% | View data |
| 3 | 3 Italy | 5,246,900,000 | 2023 | -0.44% | +2.33% | View data |
| 4 | 4 United Kingdom | 5,237,500,000 | 2023 | +0.09% | -1.24% | View data |
| 5 | 5 Germany | 4,720,100,000 | 2023 | +1.3% | -1.97% | View data |
