Spain - Blueberries And Cranberries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpain Sees 30% Drop in Blueberry and Cranberry Prices, with Average of $4,776 per Ton
Spain Blueberry And Cranberry Export Price in November 2022
In November 2022, the blueberry and cranberry prices stood at $4,776 per ton (FOB, Spain), which is down by -29.9% against the previous month. Over the period under review, the export price saw an abrupt setback. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 31% against the previous month. The export price peaked at $8,830 per ton in March 2022; however, from April 2022 to November 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2022, the country with the highest price was the UK ($10,442 per ton), while the average price for exports to Portugal ($1,743 per ton) was amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.
Spain Blueberry And Cranberry Exports
In November 2022, shipments abroad of blueberries and cranberries increased by 24% to 1.5K tons, rising for the third month in a row after three months of decline. In general, exports saw a noticeable expansion. The most prominent rate of growth was recorded in February 2022 when exports increased by 209% against the previous month. Over the period under review, the exports reached the peak figure of 32K tons in May 2022; however, from June 2022 to November 2022, the exports failed to regain momentum.
In value terms, blueberry and cranberry exports fell to $7M (IndexBox estimates) in November 2022. Overall, exports, however, recorded a pronounced setback. The growth pace was the most rapid in February 2022 when exports increased by 226% month-to-month. The exports peaked at 161K tons in May 2022; however, from June 2022 to November 2022, the exports failed to regain momentum.
Spain Blueberry And Cranberry Exports by Country
Poland (401 tons), Germany (250 tons), and Italy (159 tons) were the main destinations of blueberry and cranberry exports from Spain, with a combined 55% share of total exports. These countries were followed by France, Portugal, Belgium, the Netherlands, and the UK, which together accounted for a further 31%.
From January 2022 to November 2022, the biggest increases were in Belgium (with a CAGR of +21.8%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Poland ($2.6M) remains the key foreign market for blueberry and cranberry exports from Spain, comprising 37% of total exports. The second position in the ranking was held by Germany ($852K), with a 12% share of total exports. It was followed by France, with a 12% share.
From January 2022 to November 2022, the average monthly growth rate of value to Poland amounted to +21.6%. Exports to the other major destinations recorded the following average monthly rates of export growth: Germany (-3.3% per month) and France (-3.8% per month).
Factors Affecting Price Dynamics
Several factors have contributed to the sharp decline in prices, including oversupply, seasonal patterns, and the COVID-19 pandemic.
Oversupply has led to a downward trend in demand, resulting in a decrease in prices. The market is currently flooded with imports, primarily from Peru and Chile, which has fuelled competition and reduced prices. Spain's cranberry industry has also witnessed a similar drop in prices due to the same factors.
Furthermore, seasonality has played a crucial role in determining the fate of the market. In recent years, there has been a massive increase in the production of blueberries and cranberries, which results in more significant supplies in the peak season. As the supply exceeds the demand, the prices reduce.
The COVID-19 pandemic has also left its mark on Spain's blueberry and cranberry industry. Due to the pandemic, there was a fall in the demand for the products as they hit the hospitality sector. Additionally, due to quarantine measures and travel restrictions, the seasonal workforce required for harvesting and processing the fruits was also limited, causing supply chain disruptions.
This report provides an in-depth analysis of the blueberry and cranberry market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 552 - Blueberries
- FCL 554 - Cranberries
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
