Unfit-for-human-consumption fish or shellfish flours market in Portugal

Earlier Report Observations

The Portuguese market for unfit-for-human-consumption fish or shellfish flours expanded significantly from 3 922 thousand US dollars in 2018 to 12 163 thousand US dollars in 2024. This growth was temporarily interrupted in 2021 when the market contracted to 5 050 thousand US dollars.

After the 2021 decline, the market recovered rapidly, reaching 7 863 thousand US dollars in 2022 and 9 387 thousand US dollars in 2023, before achieving its peak value in 2024. The overall period was characterized by strong upward momentum despite the mid-period setback.

Production unfit-for-human-consumption fish or shellfish flours in Portugal

In value, 2018-2021, K $ US

In Portugal, the production value of unfit-for-human-consumption fish or shellfish flours reached 7 697 thousand US dollars in 2021, representing a 10.9% decrease from the previous year. Over the 2018-2021 period, production declined by 11.4%, with an average annual growth rate of -4.0%. The lowest value was recorded in 2019 at 5 598 thousand US dollars. The most significant drop occurred in 2019 with a 35.6% decrease, while the largest increase was in 2020 at 54.4%.

Annual dynamics of production in Portugal in value, 2018-2021, K $ US

In kind, 2018-2021, t

Portugal produced 6 489 tonnes of unfit-for-human-consumption fish or shellfish flours in 2021, marking a 16.4% reduction compared to 2020. From 2018 to 2021, production fell by 13.5%, translating to an average annual decline of 4.7%. The lowest output was in 2019 at 4 831 tonnes, while the peak was in 2020 at 7 765 tonnes. The most substantial decrease occurred in 2019 with a 35.6% drop, and the largest increase was in 2020 at 60.7%.

Annual dynamics of production in Portugal in kind, 2018-2021, t

Exports unfit-for-human-consumption fish or shellfish flours from Portugal

Exports in kind, t

Following a two-year decline, Portugal's export volume of unfit-for-human-consumption fish or shellfish flours saw a modest recovery. In 2021, exports totaled 6 478 tonnes, reflecting an 8.1% increase from 2020. However, over the 2018-2021 period, exports decreased by 40.4%, with an average annual rate of -15.8%. The lowest volume was recorded in 2020 at 5 993 tonnes, and the most significant drop occurred in 2019 with a 33.7% decrease.

Annual dynamics of product's exports from Portugal in kind, 2018-2021, t

From 2018 to 2021, Italy, Spain, and Turkey were the leading buyers of Portugal's unfit-for-human-consumption fish or shellfish flours by volume. Italy accounted for 38.7% of exports, Spain for 37.9%, and Turkey for 8.0%. Together, these three countries represented 84.6% of Portugal's total exports in this category.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Portugal in kind, 2018-2021

Exports in value, K $ US

Portugal's export value of unfit-for-human-consumption fish or shellfish flours declined for the third consecutive year. In 2021, exports amounted to 6 439 thousand US dollars, a 1.9% decrease from the previous year. Over the 2018-2021 period, exports fell by 48.6%, with an average annual decline of 19.9%.

Annual dynamics of product's exports from Portugal in value, 2018-2021, K $ US

Between 2018 and 2021, Italy, Spain, and Turkey remained the primary markets for Portugal's exports of unfit-for-human-consumption fish or shellfish flours by value. Italy held a 41.1% share, Spain 34.6%, and Turkey 7.7%. Collectively, these three countries accounted for 83.4% of total export value.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Portugal in value, 2018-2021

Imports unfit-for-human-consumption fish or shellfish flours to Portugal

Imports in kind, t

Portugal's imports of unfit-for-human-consumption fish or shellfish flours declined for the second year in a row. In 2021, imports reached 2 471 tonnes, a sharp 28.6% decrease from the prior year. Over the 2018-2021 period, imports dropped by 56.7%, with an average annual decline of 24.4%. The highest volume was in 2019 at 7 114 tonnes. The most significant decrease occurred in 2020 with a 51.4% drop, while the largest increase was in 2019 at 24.6%.

Annual dynamics of product's imports to Portugal in kind, 2018-2021, t

From 2018 to 2021, Portugal's imports of unfit-for-human-consumption fish or shellfish flours by volume were heavily concentrated, with Spain accounting for 98.6% of the total.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Portugal in kind, 2018-2021

Imports in value, K $ US

Portugal's import value of unfit-for-human-consumption fish or shellfish flours fell for the second consecutive year. In 2021, imports totaled 3 792 thousand US dollars, a strong 24.0% decrease compared to the previous year. Over the 2018-2021 period, imports declined by 51.2%, with an average annual rate of -21.2%. The peak value was in 2019 at 9 094 thousand US dollars. The largest drop occurred in 2020 with a 45.2% decrease, and the most significant increase was in 2019 at 17.2%.

Annual dynamics of product's imports to Portugal in value, 2018-2021, K $ US

Between 2018 and 2021, Portugal's imports of unfit-for-human-consumption fish or shellfish flours by value showed a pronounced reliance on Spain, which accounted for 98.4% of total imports.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Portugal in value, 2018-2021