Spain: Couscous Market 2024

Couscous Market Size in Spain

In 2021, the Spanish couscous market increased by 3% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the immediate term.

Couscous Production in Spain

In value terms, couscous production shrank modestly to $X in 2021 estimated in export price. Overall, production showed a noticeable downturn. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Couscous Exports

Exports from Spain

For the third consecutive year, Spain recorded growth in shipments abroad of couscous, which increased by 20% to X tons in 2021. Overall, exports saw resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by 241%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, couscous exports soared to $X in 2021. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 291% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons) was the main destination for couscous exports from Spain, accounting for a 38% share of total exports. Moreover, couscous exports to France exceeded the volume sent to the second major destination, Portugal (X tons), threefold. Australia (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to France stood at +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+30.6% per year) and Australia (+133.1% per year).

In value terms, the largest markets for couscous exported from Spain were France ($X), Australia ($X) and Portugal ($X), with a combined 62% share of total exports. The UK, the United States, the Netherlands and Italy lagged somewhat behind, together comprising a further 26%.

In terms of the main countries of destination, the United States, with a CAGR of +212.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average couscous export price stood at $X per ton in 2021, rising by 6.5% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 31%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Italy ($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 the United States (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Couscous Imports

Imports into Spain

For the third year in a row, Spain recorded growth in supplies from abroad of couscous, which increased by 3.9% to X tons in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +20.9% against 2017 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 53%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, couscous imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 23% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Italy (X tons), Morocco (X tons) and France (X tons) were the main suppliers of couscous imports to Spain, with a combined 97% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +23.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), France ($X) and Morocco ($X) constituted the largest couscous suppliers to Spain, with a combined 96% share of total imports.

In terms of the main suppliers, Morocco, with a CAGR of +12.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average couscous import price stood at $X per ton in 2021, increasing by 6.9% against the previous year. In general, the import price, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 an increase of 16%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from France ($X per ton) and Belgium ($X per ton), while the price for Italy ($X per ton) and Morocco ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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