Spain: Non-Wheat Cereal Pellets Market 2024

Non-Wheat Cereal Pellets Market Size in Spain

In 2021, the Spanish non-wheat cereal pellets market increased by 32% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +97.0% against 2019 indices. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Non-Wheat Cereal Pellets Production in Spain

In value terms, non-wheat cereal pellets production dropped dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible slump. The growth pace was the most rapid in 2014 with an increase of 21%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Non-Wheat Cereal Pellets Exports

Exports from Spain

In 2021, overseas shipments of cereal pellets (excluding wheat) increased by 30% to X tons, rising for the third year in a row after two years of decline. In general, exports, however, recorded a pronounced setback. The growth pace was the most rapid in 2020 when exports increased by 62% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, non-wheat cereal pellets exports skyrocketed to $X in 2021. Overall, exports showed prominent growth. The growth pace was the most rapid in 2016 when exports increased by 484%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Portugal (X tons), France (X tons) and the UK (X tons) were the main destinations of non-wheat cereal pellets exports from Spain, together comprising 56% of total exports. These countries were followed by Poland, Romania, Germany, Greece and Sweden, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +464.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-wheat cereal pellets exported from Spain were the UK ($X), Poland ($X) and Romania ($X), together accounting for 52% of total exports.

Poland, with a CAGR of +486.0%, saw the highest rates of growth with regard to 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.

Export Prices by Country

The average non-wheat cereal pellets export price stood at $X per ton in 2021, rising by 28% against the previous year. Overall, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of 302%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Cereal Pellets Imports

Imports into Spain

In 2021, supplies from abroad of cereal pellets (excluding wheat) increased by 27% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, non-wheat cereal pellets imports surged to $X in 2021. Overall, imports, however, continue to indicate a slight curtailment. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, France (X tons) was the main supplier of non-wheat cereal pellets to Spain, accounting for a 94% share of total imports. Moreover, non-wheat cereal pellets imports from France exceeded the figures recorded by the second-largest supplier, Portugal (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from France amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-16.1% per year) and Italy (+34.4% per year).

In value terms, France ($X) constituted the largest supplier of cereal pellets (excluding wheat) to Spain, comprising 88% of total imports. The second position in the ranking was held by Italy ($X), with a 7.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.9% per year) and Portugal (-17.6% per year).

Import Prices by Country

In 2021, the average non-wheat cereal pellets import price amounted to $X per ton, rising by 19% against the previous year. In general, the import price, however, saw a mild decline. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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