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Spain - Chewing Gum - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Spain - Chewing Gum - Market Analysis, Forecast, Size, Trends And Insights

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Jul 13, 2023

Chewing Gum Price in Spain Soars to $5,755 per Ton

Spain Chewing Gum Export Price in March 2023

In March 2023, the chewing gum price amounted to $5,755 per ton (FOB, Spain), with an increase of 19% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $6,885 per ton in January 2023; however, from February 2023 to March 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In March 2023, the country with the highest price was Portugal ($10,035 per ton), while the average price for exports to Germany ($2,227 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Chewing Gum in Spain (USD per ton)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
Portugal6,6377,9095,4237,1227,7768,2927,3298,1028,8289,6478,16510,40610,035
United States13,26315,1417,7793,7917,3069,50414,3127,8721,70011,9537,5294,7448,809
France6,14610,0234,1917,36010,4668,2756,2928,8307,2537,8008,2805,1208,070
Morocco4,58620,5885,1984,8474,3354,3034,7256,8636,57511,6025,5426,2126,530
Hong Kong8,525N/AN/A12,403N/AN/A12,09712,1754,8664,730N/A4,5745,109
Italy5,5584,2634,0713,7033,7384,6463,9123,6454,5605,1274,9612,2854,747
United Kingdom2,9083,1953,0943,8313,3039,2403,7073,5423,2155,2364,7034,7014,507
Belgium3,6373,2144,4184,0423,5403,4544,7314,8566,0624,1715,6634,3794,110
Netherlands5,4985,0484,3775,6403,6683,5833,3003,3635,0334,2784,2832,8804,014
Sweden2,8182,6853,1903,0584,0882,8862,8264,2373,5136,0224,1884,2723,771
Germany5,1474,4184,4335,8118,2417,7253,9034,9415,8295,0395,5735,1522,227
IsraelN/A3,1443,4532,3583,546N/A3,7353,7354,240N/A4,5064,376N/A
Average5,8015,7194,6615,3336,1096,1585,2996,1406,0406,8116,8854,8285,755

Spain Chewing Gum Exports

In March 2023, overseas shipments of chewing gum increased by 13% to 740 tons, rising for the third consecutive month after two months of decline. The total export volume increased at an average monthly rate of +3.2% from March 2022 to March 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in January 2023 with an increase of 33% month-to-month. The exports peaked in March 2023.

In value terms, chewing gum exports skyrocketed to $4.3M (IndexBox estimates) in March 2023. The total export value increased at an average monthly rate of +3.1% from March 2022 to March 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Spain Chewing Gum Exports by Country

Germany (233 tons), France (126 tons) and Portugal (66 tons) were the main destinations of chewing gum exports from Spain, with a combined 57% share of total exports. Italy, the Netherlands, the UK, Hong Kong, the United States, Sweden, Morocco and Belgium lagged somewhat behind, together comprising a further 26%.

From March 2022 to March 2023, the biggest increases were in Hong Kong (with a CAGR of +54.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($1M), Portugal ($663K) and Germany ($518K) constituted the largest markets for chewing gum exported from Spain worldwide, with a combined 52% share of total exports. These countries were followed by Italy, the United States, the UK, Hong Kong, the Netherlands, Morocco, Sweden and Belgium, which together accounted for a further 23%.

Hong Kong, with a CAGR of +47.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the chewing gum 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:

  • Prodcom 10822310 - Chewing gum

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. TOP EXPORTING COUNTRIES
    4. 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 VOLUME AND VALUE

  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. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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