Spain: Cream Fresh Market 2024

Cream Fresh Market Size in Spain

The Spanish cream fresh market skyrocketed to $X in 2022, with an increase of 77% against the previous year. Overall, consumption, however, recorded a mild decline. Cream fresh consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cream Fresh Production in Spain

In value terms, cream fresh production rose rapidly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2020 when the production volume increased by 39% against the previous year. Cream fresh production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Cream Fresh Exports

Exports from Spain

In 2022, shipments abroad of cream fresh decreased by -8.3% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -14.9% against 2020 indices. The growth pace was the most rapid in 2016 when exports increased by 34%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cream fresh exports reached $X in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 32% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X tons), Portugal (X tons) and China (X tons) were the main destinations of cream fresh exports from Spain, together comprising 69% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +111.1%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for cream fresh exports from Spain, comprising 33% of total exports. The second position in the ranking was held by China ($X), with a 16% share of total exports. It was followed by Portugal, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to France totaled -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+105.2% per year) and Portugal (+5.9% per year).

Export Prices by Country

The average cream fresh export price stood at $X per ton in 2022, growing by 9.4% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 31%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Portugal ($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 Belgium (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Cream Fresh Imports

Imports into Spain

In 2022, after two years of decline, there was significant growth in overseas purchases of cream fresh, when their volume increased by 188% to X tons. Over the period under review, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cream fresh imports skyrocketed to $X in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +67.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of cream fresh to Spain, accounting for a 76% share of total imports. Moreover, cream fresh imports from France exceeded the figures recorded by the second-largest supplier, Portugal (X tons), eightfold. The Netherlands (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from France stood at +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+4.2% per year) and the Netherlands (+33.5% per year).

In value terms, France ($X) constituted the largest supplier of cream fresh to Spain, comprising 50% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 17% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from France totaled +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+37.5% per year) and Germany (-6.5% per year).

Import Prices by Country

The average cream fresh import price stood at $X per ton in 2022, reducing by -43.2% against the previous year. In general, the import price showed a abrupt decline. The growth pace was the most rapid in 2021 when the average import price increased by 27%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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