Spain: Cereal Flour Market 2024

Cereal Flour Market Size in Spain

For the third year in a row, the Spanish cereal flour market recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption recorded a precipitous setback. Cereal flour consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Cereal Flour Production in Spain

In value terms, cereal flour production contracted dramatically to $X in 2022 estimated in export price. Over the period under review, production recorded a precipitous slump. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Cereal Flour Exports

Exports from Spain

In 2022, cereal flour exports from Spain rose sharply to X tons, picking up by X% compared with 2021 figures. In general, exports, however, showed a slight decline. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cereal flour exports soared to $X in 2022. Overall, total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X tons) was the main destination for cereal flour exports from Spain, with a X% share of total exports. Moreover, cereal flour exports to Portugal exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was held by Austria (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Portugal totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Austria (X% per year).

In value terms, Portugal ($X) remains the key foreign market for cereal flours exports from Spain, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Portugal amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Austria (X% per year).

Export Prices by Country

In 2022, the average cereal flour export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal flour export price increased by X% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Equatorial Guinea ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Equatorial Guinea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cereal Flour Imports

Imports into Spain

In 2022, cereal flour imports into Spain soared to X tons, growing by X% on 2021. In general, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, cereal flour imports skyrocketed to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

France (X tons), Portugal (X tons) and Italy (X tons) were the main suppliers of cereal flour imports to Spain, together accounting for X% of total imports. Germany, Poland, Sweden and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Portugal ($X) constituted the largest cereal flour suppliers to Spain, with a combined X% share of total imports. Germany, Sweden, Poland and the UK lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of 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.

Import Prices by Country

In 2022, the average cereal flour import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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