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Spain’s Frozen Seafood Market Shrinks After a Decade of Growth

A decade of steady expansion ended abruptly in 2024. What’s behind Spain’s sudden dip in frozen seafood trade—and can the industry bounce back?

In this image we can see that there are so many fishes of different varieties are kept on the ice....
In this image we can see that there are so many fishes of different varieties are kept on the ice. In between them there are green leaves. There is a price tag on the fishes. In the background there are few people standing in front of them and looking at the fishes. At the top there are lights.

Spain’s Frozen Seafood Market Shrinks After a Decade of Growth

Spain’s frozen seafood and fish sector experienced steady growth from 2012 to 2024. Both production and export values rose annually during this period. However, 2024 saw a decline in market size, exports, and imports compared to previous years.

From 2012 to 2024, Spain’s frozen seafood production increased annually. Exports followed a similar upward trend, with European countries driving demand. Italy, Portugal, France, Belgium, and the Netherlands remained top buyers, thanks to their robust seafood industries and high consumption rates. The UK and Germany also imported significant volumes.

The decrease in Spain’s frozen seafood market in 2024 contrasts with a decade of expansion. Lower export and import figures suggest shifting trade dynamics, though Europe remains the primary destination for Spanish seafood. The sector will need to adapt to these changes in the coming years.

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