Fish or marine mammal fats and oils market in Spain

Earlier Report Observations

The Spanish market for fish and marine mammal oils expanded steadily from 37 757 t in 2018 to 43 252 t in 2020, representing consistent growth in physical volume over the three-year period.

Market volume surged to 52 056 t in 2021, a notable annual increase, before stabilizing in 2022 at 52 725 t. Growth resumed strongly in 2023, reaching 59 922 t.

In 2024, the market accelerated further to 69 755 t. This rise coincided with improved international competitiveness of Spain's oils and fats sector, driven by industry investments. Global factors, including catch quotas in Peru and shifting demand from China and the pork industry, also influenced the market's trajectory.

Production fish or marine mammal fats and oils in Spain

In value, 2017-2020, K $ US

Spain's production of fish and marine mammal fats and oils has grown for the third year in a row. In 2020, output reached 59 221 thousand US dollars, marking a 2.4% increase from the previous year. From 2017 to 2020, production rose by 21.7%, which translates to an average annual growth rate of 6.8%.

Annual dynamics of production in Spain in value, 2017-2020, K $ US

In kind, 2017-2020, t

Production of fish and marine mammal fats and oils in Spain has increased for the second consecutive year. In 2020, Spain produced 26 413 tonnes, showing a slight rise of 1.6% compared to 2019. Over the period from 2017 to 2020, production grew by 18.4%, averaging 5.8% per year. The lowest output was recorded in 2018 at 20 869 tonnes, which also saw the largest decline of 6.4%. In contrast, 2019 experienced the biggest increase, with production jumping by 24.6%.

Annual dynamics of production in Spain in kind, 2017-2020, t

Exports fish or marine mammal fats and oils from Spain

Exports in kind, t

Exports of fish and marine mammal fats and oils from Spain have risen for the second year in a row. In 2020, export volumes reached 11 766 tonnes, up 14.0% from the previous year. Between 2017 and 2020, exports increased by 36.7%, with a compound annual growth rate of 11.0%. The lowest export level was in 2018 at 8 355 tonnes, which also saw a decline of 2.9%. The largest growth occurred in 2019, with exports surging by 23.5%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, t

From 2017 to 2020, three key markets—France, Italy, and Greece—collectively accounted for 73.6% of Spain's total exports of fish and marine mammal fats and oils by volume.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, K $ US

Spain's exports of fish and marine mammal fats and oils have expanded for the third consecutive year. In 2020, export value hit 30 262 thousand US dollars, a 16.4% increase over the previous year. Over the 2017-2020 period, exports grew by 45.3%, with a compound annual growth rate of 13.3%.

Annual dynamics of product's exports from Spain in value, 2017-2020, K $ US

Between 2017 and 2020, France, Italy, and the Netherlands were the top destinations for Spain's exports of fish and marine mammal fats and oils by value. France accounted for 25.2% of export value, Italy for 17.5%, and the Netherlands for 10.9%, together making up 53.6% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports fish or marine mammal fats and oils to Spain

Imports in kind, t

Imports of fish and marine mammal fats and oils into Spain have grown for the third year in a row. In 2020, imports stood at 28 605 tonnes, representing a substantial 11.4% increase compared to 2019. From 2017 to 2020, imports rose by 21.1%, averaging 6.6% per year.

Annual dynamics of product's imports to Spain in kind, 2017-2020, t

From 2017 to 2020, France, Norway, and Portugal were the leading suppliers of fish and marine mammal fats and oils to Spain by volume, though their dominance was not overwhelming. France contributed 22.7% of imports, Norway 18.6%, and Portugal 6.9%, together accounting for 48.2% of total imports amid a diverse range of smaller partners.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, K $ US

Imports of fish and marine mammal fats and oils into Spain have increased for the third consecutive year. In 2020, import value amounted to 38 348 thousand US dollars, a significant 14.8% rise from 2019. Between 2017 and 2020, imports grew by 8.3%, with an average annual rate of 2.7%. The lowest value was recorded in 2019 at 33 394 thousand US dollars, which also saw the largest decline of 6.4%.

Annual dynamics of product's imports to Spain in value, 2017-2020, K $ US

From 2017 to 2020, France, Norway, and China played notable but not dominant roles as suppliers of fish and marine mammal fats and oils to Spain by value. France accounted for 14.4% of import value, Norway for 13.3%, and China for 13.1%, with their combined share reaching 40.9% of total imports.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020