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

Earlier Report Observations

The market for unfit-for-human-consumption fish or shellfish flours in Spain grew from 62 143 t in 2018 to 70 736 t in 2021. Growth slowed markedly in 2020 to just 0.7% as the availability of alternative products on the market constrained demand for fishmeal. The entry of a new specialized producer, INVERSIONES SUPERFISH S.A.C., founded in 2017, introduced fresh competition and activity in the initial period.

After contracting to 62 139 t in 2022, the market volume surged by 57% to reach 97 668 t in 2023. This sharp increase was primarily driven by regulatory changes in global aquaculture, such as the introduction of licensing systems and stricter environmental standards in supplier countries, which boosted domestic consumption in Spain and led to a significant reduction in exports. In 2024, the market declined to 79 323 t due to reduced fishing quotas in Northern Europe limiting raw material supply, coupled with higher production costs and weak demand for aquaculture feed.

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

In value, 2017-2020, K $ US

Spain's production of unfit-for-human-consumption fish or shellfish flours has increased for the third consecutive year. In 2020, the output was valued at 67 879 thousand US dollars, marking a 23.7% rise compared to 2019. Between 2017 and 2020, production grew by 41.6%, which translates to an annualized rate of 12.3%.

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

In kind, 2017-2020, t

In 2020, Spain produced 54 106 tonnes of unfit-for-human-consumption fish or shellfish flours, representing a 22.7% increase from the previous year. From 2017 to 2020, production rose by 24.3%, with an annualized growth rate of 7.5%. The largest decline occurred in 2019, when production remained unchanged.

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

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

Exports in kind, t

Spain's exports of unfit-for-human-consumption fish or shellfish flours have increased for the third consecutive year. In 2020, the country exported 48 068 tonnes, showing a sharp rise of 32.5% compared to 2019. Over the period from 2017 to 2020, exports grew by 71.2%, with a compound annual growth rate of 19.6%.

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

From 2017 to 2020, France, Italy, and Greece were the main destinations for Spain's exports of unfit-for-human-consumption fish or shellfish flours in kind. France accounted for 27.0% of exports, Italy for 21.3%, and Greece for 13.1%, together absorbing 61.4% of total exports.

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 export value of unfit-for-human-consumption fish or shellfish flours has increased for the third consecutive year. In 2020, exports amounted to 66 685 thousand US dollars, reflecting a steep 35.3% rise compared to 2019. Between 2017 and 2020, exports grew by 73.1%, with an annualized rate of 20.1%.

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

During 2017–2020, France, Italy, and Greece formed the primary cluster of markets for Spain's exports in value terms. France represented 28.2% of exports, Italy 20.8%, and Greece 12.4%, together accounting for 61.4% 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 unfit-for-human-consumption fish or shellfish flours to Spain

Imports in kind, t

Spain's imports of unfit-for-human-consumption fish or shellfish flours have increased for the third consecutive year. In 2020, import volume reached 59 520 tonnes, corresponding to a 3.9% increase from the previous year. Over the period from 2017 to 2020, imports rose by 32.3%, with a compound annual growth rate of 9.8%.

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

Data from 2017 to 2020 indicate that imports in kind of unfit-for-human-consumption fish or shellfish flours to Spain were not highly concentrated. Chile accounted for 16.8% of imports, Denmark for 10.6%, and Peru for 10.3%, with these three countries jointly representing only 37.8% of total flows.

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

Spain's import value of unfit-for-human-consumption fish or shellfish flours declined for the second consecutive year. In 2020, imports amounted to 78 641 thousand US dollars, which is 4.1% lower year-on-year. Between 2017 and 2020, imports increased by 25.7%, with an annualized rate of 7.9%. The maximum value was recorded in 2018 at 82 974 thousand US dollars, following the largest increase of 32.7% that same year.

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

Over 2017–2020, the country breakdown of imports in value terms remained scattered. Chile accounted for 18.3% of imports, Denmark for 12.4%, and Peru for 10.3%, together representing just 41.0% of total flows, with no single partner emerging as clearly dominant.

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

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