The demand for freshwater fish in Spain has shown a consistent downward trend from 2014 to 2023, with variations year-on-year largely negative. In 2023, the demand stood at 113.85 thousand metric tons, marking a year-on-year decrease of 3.62%. Over the last five years, the compound annual growth rate (CAGR) has been -3.27%. This decline reflects broader market contraction patterns observed since 2014.
Year-on-year variations fluctuated significantly, with notable declines in 2015 and 2017. The most significant drop occurred in 2020, influenced by external factors like the pandemic, falling by 19.87%. Despite slight recoveries in 2021 and 2022, the overall trend remains negative.
Forecasts predict a further decline in demand, with a forecasted -3.47% CAGR from 2024 to 2028, resulting in a 16.18% total decrease by 2028 when demand is expected to be around 91.12 thousand metric tons.
Future trends to watch for include dietary changes, shifts toward alternative protein sources, sustainability concerns, and potential impacts of climate change on fish habitats. Monitoring these factors will be critical for stakeholders in the freshwater fish market.
