Price for Smoked Fish, Incl. Fillets in Portugal - 2023

Price for Smoked Fish, Incl. Fillets in Portugal (CIF) - 2023

The average smoked fish, incl. fillets import price stood at $19,594 per ton in June 2023, standing approximately at the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 30% m-o-m. The import price peaked at $20,365 per ton in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was France ($29,222 per ton), while the price for Germany ($18,197 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Smoked Fish, Incl. Fillets in Portugal (FOB) - 2022

The average smoked fish, incl. fillets export price stood at $1,769 per ton in 2022, with a decrease of -81.7% against the previous year. Over the period under review, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices reached the peak figure at $22,882 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($76,750 per ton), while the average price for exports to the Czech Republic ($966 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+25.5%).

Imports of Smoked Fish, Incl. Fillets in Portugal

In 2022, the amount of smoked fish, incl. fillets imported into Portugal shrank markedly to 76 tons, which is down by -16.5% on the previous year's figure. In general, imports continue to indicate a dramatic curtailment.

In value terms, smoked fish, incl. fillets imports dropped to $1.1M in 2022. Over the period under review, imports showed a sharp descent.

Import of Smoked Fish, Incl. Fillets in Portugal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	271	272	272	717	38.3%
Spain	500	195	288	337	-12.3%
France	35.5	28.7	54.0	57.9	17.7%
Netherlands	31.1	15.1	21.7	25.6	-6.3%
Vietnam	2,155	1,551	559	N/A	-49.1%
Others	176	5.0	58.5	0.2	-89.6%
Total	3,168	2,067	1,253	1,138	-28.9%

Top Suppliers of Smoked Fish, Incl. Fillets to Portugal in 2022:

Germany (44.5 tons)
Spain (25.5 tons)
France (3.9 tons)
Netherlands (1.7 tons)

Exports of Smoked Fish, Incl. Fillets in Portugal

For the third consecutive year, Portugal recorded decline in overseas shipments of smoked fish, incl. fillets, which decreased by -95.4% to 2.9 tons in 2022. Over the period under review, exports continue to indicate a significant decrease. The smallest decline of -28.1% was in 2020.

In value terms, smoked fish, incl. fillets exports declined notably to $5.2K in 2022. In general, exports continue to indicate a sharp slump. The smallest decline of -28.7% was in 2020.