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Spain - Chestnut - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Spain - Chestnut - Market Analysis, Forecast, Size, Trends and Insights

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Mar 2, 2023

Spain's Chestnut Price Slumps 17%, Averaging $2,708 per Ton

Spain Chestnut Export Price in November 2022

In November 2022, the chestnut price stood at $2,708 per ton (FOB, Spain), declining by -17.5% against the previous month. Overall, the export price showed a perceptible setback. The pace of growth appeared the most rapid in March 2022 when the average export price increased by 116% month-to-month. Over the period under review, the average export prices attained the maximum at $6,885 per ton in May 2022; however, from June 2022 to November 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In November 2022, the country with the highest price was Germany ($5,020 per ton), while the average price for exports to France ($1,983 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 Germany (+0.8%), while the prices for the other major destinations experienced a decline.

Spain Chestnut Exports

In November 2022, overseas shipments of chestnuts increased by 46% to 1.1K tons, rising for the third month in a row after three months of decline. Overall, exports showed significant growth. The growth pace was the most rapid in April 2022 with an increase of 477% m-o-m. Over the period under review, the exports attained the peak figure in November 2022.

In value terms, chestnut exports surged to $3.1M (IndexBox estimates) in November 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in April 2022 when exports increased by 419% month-to-month. Over the period under review, the exports reached the maximum in November 2022.

Spain Chestnut Exports by Country

France (341 tons), Portugal (274 tons) and Italy (239 tons) were the main destinations of chestnut exports from Spain, together accounting for 76% of total exports. The UK and Germany lagged somewhat behind, together accounting for a further 18%.

From January 2022 to November 2022, the biggest increases were in the UK (with a CAGR of +514.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($688K), France ($676K) and Portugal ($627K) appeared to be the largest markets for chestnut exported from Spain worldwide, together comprising 65% of total exports. These countries were followed by Germany and the UK, which together accounted for a further 27%.

In terms of the main countries of destination, the UK, with a CAGR of +365.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Chestnut Market Overview

Chestnuts are typically in season from October to January. During this time, prices may be higher due to demand. In addition, chestnuts grown in certain regions of Spain may be more expensive than others. For instance, those grown in Galicia or Asturias tend to be pricier than those from other parts of the country. The majority of Spanish chestnuts are grown in the province of Valencia, where they are used extensively in traditional dishes such as paella and Valencia cake.

The prices of Spanish chestnuts depend on a variety of factors. These include the size of production, the availability of different varieties, and the cost of production. Additionally, the demand from buyers and changing trends in the chestnut industry can also affect prices.

In the coming years, the outlook for the Spanish chestnut market looks bright. With increasing demand and improved production, the price and demand for Spanish chestnuts is likely to remain stable or even increase. Additionally, the continued popularity of traditional European dishes featuring chestnuts will also provide further opportunities for producers to capitalize on.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the chestnut 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 220 - Chestnuts

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023

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