Spain: Cheese And Curd Market 2024

Cheese And Curd Market Size in Spain

The Spanish cheese and curd market skyrocketed to $X in 2022, with an increase of 22% against the previous year. The market value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cheese And Curd Production in Spain

In value terms, cheese and curd production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Cheese and curd production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Cheese And Curd Exports

Exports from Spain

In 2022, after ten years of growth, there was decline in overseas shipments of cheese and curd, when their volume decreased by less than 0.1% to X tons. In general, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.5% 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 +105.5% against 2012 indices. The growth pace was the most rapid in 2013 with an increase of 16% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted modestly in the following year.

In value terms, cheese and curd exports rose sharply to $X in 2022. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +8.7% 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 +56.3% against 2014 indices. The pace of growth was the most pronounced in 2013 when exports increased by 23% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons), Portugal (X tons) and Italy (X tons) were the main destinations of cheese and curd exports from Spain, with a combined 63% share of total exports. The United States, Germany, the UK and the Netherlands lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +14.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Portugal ($X) and the United States ($X) were the largest markets for cheese and curd exported from Spain worldwide, with a combined 51% share of total exports.

France, with a CAGR of +18.0%, 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.

Export Prices by Country

In 2022, the average cheese and curd export price amounted to $X per ton, rising by 7.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2021 an increase of 9%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Italy ($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 France (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Spain

Cheese and curd imports into Spain totaled X tons in 2022, growing by 12% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cheese and curd imports surged to $X in 2022. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +46.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of cheese and curd imports to Spain, with a combined 62% share of total imports. Italy, Belgium, Denmark, Ireland and Poland lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +13.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cheese and curd suppliers to Spain were the Netherlands ($X), Germany ($X) and France ($X), with a combined 60% share of total imports. Italy, Denmark, Belgium, Ireland and Poland lagged somewhat behind, together comprising a further 34%.

Ireland, with a CAGR of +11.3%, recorded the highest growth rate of the value of imports, among 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 cheese and curd import price amounted to $X per ton, picking up by 16% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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