Spain - Dairy Produce - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSpain's July 2023 Imports of Dairy Products Surge to $258M
Spain Dairy Produce Imports
In July 2023, approximately 74K tons of dairy produce were imported into Spain; shrinking by -1.6% compared with June 2023 figures. The total import volume increased at an average monthly rate of +1.7% over the period from July 2022 to July 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in March 2023 with an increase of 18% against the previous month. As a result, imports reached the peak of 84K tons. From April 2023 to July 2023, the growth of imports remained at a lower figure.
In value terms, dairy produce imports expanded slightly to $258M (IndexBox estimates) in July 2023. The total import value increased at an average monthly rate of +1.6% over the period from July 2022 to July 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain months. The growth pace was the most rapid in March 2023 with an increase of 16% against the previous month. As a result, imports reached the peak of $275M. From April 2023 to July 2023, the growth of imports remained at a lower figure.
| COUNTRY | Import Value of Dairy Produce in Spain (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | |
| Netherlands | 41.7 | 49.6 | 48.2 | 47.6 | 54.7 | 57.3 | 54.6 | 51.0 | 59.4 | 50.9 | 55.4 | 54.2 | 53.8 |
| Germany | 39.1 | 46.5 | 43.6 | 37.6 | 42.0 | 56.0 | 40.7 | 45.2 | 52.0 | 48.8 | 53.9 | 49.3 | 51.5 |
| France | 45.7 | 48.1 | 47.7 | 50.0 | 51.0 | 53.3 | 54.9 | 54.1 | 62.2 | 61.5 | 60.0 | 54.3 | 50.1 |
| Italy | 27.6 | 24.0 | 24.2 | 22.0 | 24.5 | 25.3 | 23.6 | 23.7 | 27.6 | 27.7 | 32.0 | 29.2 | 32.6 |
| Portugal | 8.2 | 11.4 | 11.1 | 11.4 | 15.0 | 10.3 | 14.5 | 15.7 | 17.9 | 16.3 | 16.0 | 16.5 | 16.8 |
| Belgium | 13.3 | 13.0 | 12.5 | 13.7 | 16.9 | 14.9 | 16.4 | 15.2 | 17.3 | 15.6 | 12.1 | 15.7 | 15.1 |
| Denmark | 12.4 | 15.6 | 14.6 | 14.5 | 12.5 | 14.6 | 11.7 | 10.6 | 13.9 | 9.5 | 13.0 | 10.7 | 12.5 |
| Others | 24.6 | 25.3 | 25.2 | 25.4 | 21.7 | 25.7 | 21.5 | 22.2 | 24.8 | 20.1 | 23.7 | 21.2 | 25.0 |
| Total | 213 | 234 | 227 | 222 | 238 | 257 | 238 | 238 | 275 | 250 | 266 | 251 | 258 |
Imports by Country
France (17K tons), the Netherlands (13K tons) and Germany (13K tons) were the main suppliers of dairy produce imports to Spain, with a combined 59% share of total imports. These countries were followed by Portugal, Italy, Belgium and Denmark, which together accounted for a further 30%.
From July 2022 to July 2023, the biggest increases were in Portugal (with a CAGR of +3.5%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest dairy produce suppliers to Spain were the Netherlands ($54M), Germany ($52M) and France ($50M), together accounting for 60% of total imports. Italy, Portugal, Belgium and Denmark lagged somewhat behind, together comprising a further 30%.
Portugal, with a CAGR of +6.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
In July 2023, cheese (32K tons) constituted the largest type of dairy produce supplied to Spain, with a 44% share of total imports. Moreover, cheese exceeded the figures recorded for the second-largest type, yoghurt and fermented milk (15K tons), twofold. Whole fresh milk (9.1K tons) ranked third in terms of total imports with a 12% share.
From July 2022 to July 2023, the average monthly rate of growth in terms of the volume of import of cheese amounted to +1.7%. With regard to the other supplied products, the following average monthly rates of growth were recorded: yoghurt and fermented milk (+1.2% per month) and whole fresh milk (+6.8% per month).
In value terms, cheese ($169M) constituted the largest type of dairy produce supplied to Spain, comprising 66% of total imports. The second position in the ranking was held by yoghurt and fermented milk ($30M), with a 12% share of total imports. It was followed by powdered milk, with a 9% share.
Import Prices by Country
In July 2023, the dairy produce price stood at $3,490 per ton (CIF, Spain), growing by 4.2% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 12% against the previous month. As a result, import price reached the peak level of $3,590 per ton. From January 2023 to July 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($7,378 per ton), while the price for Portugal ($1,499 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Portugal (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the dairy produce 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 888 - Skim Milk of Cows
- FCL 1130 - Camel milk
- FCL 882 - Cow milk, whole (fresh)
- FCL 1020 - Goat milk
- FCL 982 - Sheep milk
- FCL 951 - Buffalo milk
- FCL 897 - Dry Whole Cow Milk
- FCL 898 - Dry Skim Cow Milk
- FCL 889 - Whole Milk, Condensed
- FCL 894 - Whole Milk, Evaporated
- FCL 895 - Skim Milk, Evaporated
- FCL 896 - Skim Milk, Condensed
- FCL 891 - Yoghurt
- FCL 983 - Butter and Ghee of Sheep Milk
- FCL 1022 - Butter of Goat Milk
- FCL 952 - Butter of Buffalo Milk
- FCL 886 - Butter of Cow Milk
- FCL 887 - Ghee from Cow Milk
- FCL 953 - Ghee, from Buffalo Milk
- FCL 901 - Cheese from Whole Cow Milk
- FCL 904 - Cheese from Skimmed Cow Milk
- FCL 905 - Whey Cheese
- FCL 907 - Processed Cheese
- FCL 955 - Cheese of Buffalo Milk
- FCL 984 - Cheese of Sheep Milk
- FCL 1021 - Cheese of Goat Milk
- FCL 885 - Cream, Fresh
- FCL 893 - Buttermilk, Curdled Milk, Acidified Milk
- FCL 899 - Dry Buttermilk
- FCL 892 - Yoghurt, Concentrated or Unconcent
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
- 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 VOLUME AND VALUE
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
- 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
- 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
