Spanish seafood market trends

Published Sep 15, 2020

Tridge summary

Spain's annual seafood consumption is 1.9 times the EU average. Export structure centered on Europe… Major export items including tuna Imported squid, tuna, and shrimp from Morocco, Ecuador, and France Fish accounts for 12% of Spanish household food expenditures'Sustainability Market' expected to grow rapidly over the next five years Spanish seafood production 2017 Spanish seafood The output is 1.27 million tons. Among them, the fishing industry output was 960,000 tons, accounting for 75.5% of the total production, and aquaculture production was 310,000 tons, accounting for 24.5%. Looking at the production of fishery products from 2013 to 2017, the proportion of fishing boats and fisheries continued to decrease, while the production of aquaculture fishery was showing an increasing trend. Fish production in Spain in 2017 was 960,000 tons, accounting for 75.5% of the total seafood production, of which migratory fish production accounted for the largest share of 560,000 tons. The production of mollusks and cephalopods was 290,000 tons in 2017, accounting for 22.9% of the total aquatic product production.

Original content

The main production items are tuna, mussels, and mindaegu, with the top three items accounting for 50.6% of the total seafood production as of 2017. In 2017, the production of tuna, the largest production item, reached 290,000 tons, followed by 240,000 tons of mussels, 110,000 tons of Mindaegu, 100,000 tons of mackerel, 60,000 tons of shark and 50,000 tons of Daegu. Aquatic Product Import and Export Trends As of 2019, the volume of fishery trade in Spain is about 5.43 billion dollars in exports and 8.74 billion dollars in imports, reaching a total of about 14.17 billion dollars. While the overall trend of import and export is similar, the trade balance deficit is widening due to an import-oriented structure. Spain's major seafood exporters are European countries, with eight of the top 10 exporters as of 2019, excluding China and Ecuador, all being European countries. Among them, exports to three countries, Italy, Portugal and France account for more than half of all exports. Korea ...
Source: Fisheco
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