The Dried Fish Market in Portugal has shown significant variation in per capita value over the past decade. From 2013's €64.04 to 2023's €89.81, the market exhibited ups and downs. The most notable increase was between 2018 and 2019, where the value jumped significantly. The period between 2022 and 2023 showed a modest yet stable increase of approximately 2.3%. The average annual compound growth rate (CAGR) over the last five years stands at around 2.4%, indicating steady growth despite economic fluctuations.
Looking towards the future, key trends to watch include:
- Shifts in consumer preferences towards sustainable and locally sourced products.
- Potential impact of economic policies and environmental regulations.
- Innovation in packaging and preservation methods that may drive market growth.
- Possible effects of global supply chain disruptions on pricing and availability.
