The seafood market in Portugal has shown a declining trend in volume over the past decade, with a steady decrease from 2017, where it was at 396.07 million kilograms, to 341.37 million kilograms in 2023. The market experienced a notable decline in year-on-year variation, especially notable in 2017 with a decrease of 11.58%. The average annual decrease, or CAGR, over the last five years was -2.53%, indicating a consistent drop in seafood volume over this period.
Future trends to watch for include:
- Potential market stabilization with effective governmental and industry interventions.
- Shifts in consumer preferences towards sustainable and alternative seafood sources.
- Impact of climate change on seafood availability and biodiversity.
- Technological innovations in aquaculture to boost local production.
How does Portugal rank in Seafood Market Size Volume?
| # | 15 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,039,200,000 | 2023 | -1.62% | +1.65% | View data |
| 2 | 2 Denmark | 695,410,000 | 2023 | -0.31% | -0.19% | View data |
| 3 | 3 Italy | 659,090,000 | 2023 | +0.46% | -1.71% | View data |
| 4 | 4 France | 601,260,000 | 2023 | -1.93% | +0.22% | View data |
| 5 | 5 United Kingdom | 535,230,000 | 2023 | -1.1% | -0.87% | View data |
| 6 | 6 Germany | 513,850,000 | 2023 | -4.65% | -4.42% | View data |
| 7 | 7 Portugal | 341,370,000 | 2023 | -1.25% | -2.53% | |
| 8 | 8 Lithuania | 146,960,000 | 2023 | +1.15% | +1.31% | View data |
| 9 | 9 Greece | 139,910,000 | 2023 | -2.42% | +0.95% | View data |
