From 2011 to 2021, the price per unit of frozen fish fillets in Spain generally increased, starting from 4.21 Euros/kg and reaching 6.43 Euros/kg in 2021. The price demonstrated fluctuations, with notable growth particularly between 2017 and 2019, followed by a decline in 2020, and then rebounding in 2021. Over the last two years, the prices depicted a resumed upward trend. The compound annual growth rate (CAGR) over the last five years is positive, indicating a moderate annual increase.
Future trends to watch for include potential impacts from supply chain disruptions, changing consumer preferences towards sustainable seafood options, and economic factors influencing purchasing power in Spain, which could affect the price trajectory of frozen fish fillets.
