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Spain - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Spain - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights

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Feb 13, 2023

Spain's Vegetable Oils Price Hits New Record of $3,474 per Ton, Fluctuating Wildly over 2022

Spain Vegetable Oils Export Price in October 2022

In October 2022, the vegetable oils price stood at $3,474 per ton (FOB, Spain), with an increase of 13% against the previous month. Over the period from January 2022 to October 2022, it increased at an average monthly rate of +5.0%. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 29% against the previous month. The export price peaked in October 2022.

There were significant differences in the average prices for the major overseas markets. In October 2022, the country with the highest price was Japan ($11,350 per ton), while the average price for exports to the Netherlands ($1,304 per ton) was amongst the lowest.

From January 2022 to October 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Spain Vegetable Oils Exports

In October 2022, the amount of vegetable fats and oils exported from Spain rose notably to 3.7K tons, surging by 6.5% on the previous month's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in July 2022 when exports increased by 34% against the previous month. Over the period under review, the exports reached the maximum at 5.2K tons in March 2022; however, from April 2022 to October 2022, the exports stood at a somewhat lower figure.

In value terms, vegetable oils exports skyrocketed to $13M (IndexBox estimates) in October 2022. In general, total exports indicated a tangible expansion from January 2022 to October 2022: its value increased at an average monthly rate of +4.5% over the last nine months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2022 figures, exports decreased by -2.8% against August 2022 indices. The growth pace was the most rapid in February 2022 when exports increased by 45% m-o-m. The exports peaked at 13K tons in August 2022; however, from September 2022 to October 2022, the exports failed to regain momentum.

Spain Vegetable Oils Exports by Country

France (1.2K tons), Italy (893 tons) and Portugal (707 tons) were the main destinations of vegetable oils exports from Spain, together accounting for 74% of total exports. the Netherlands, Japan, Germany and the UK lagged somewhat behind, together comprising a further 20%.

From January 2022 to October 2022, the biggest increases were in Japan (with a CAGR of +21.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vegetable oils exported from Spain were France ($3.7M), Italy ($2.4M) and Japan ($2.2M), with a combined 64% share of total exports.

Japan, with a CAGR of +29.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Vegetable Oil Market Overview

There are a number of factors that will contribute to the growth of the vegetable oil market in Spain. The demand for vegetable oil is increasing as people are becoming more health conscious. Vegetable oils are a good source of unsaturated fats, which makes them an attractive option for health-conscious consumers.

The government is also encouraging the consumption of healthy fats and oils. The Spanish government is also taking steps to encourage the consumption of healthy fats and oils. In 2016, the government launched a campaign called "Eat More Good Fats", which encouraged people to consume more olive oil, avocado oil, and other types of healthy fats. The campaign was successful in raising awareness about the benefits of healthy fats and oils, and it is likely that this will lead to increased demand for these products in Spain.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the vegetable oils 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 10416050 - Vegetable fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)

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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