Spain: Cream Market 2021

Cream Market Size in Spain

The Spanish cream market rose sharply to $X in 2020, with an increase of X% against the previous year. In general, consumption saw resilient growth. The most prominent rate of growth was recorded in 2012 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs in 2020 and is expected to retain growth in years to come.

Cream Production in Spain

In value terms, cream production rose markedly to $X in 2020 estimated in export prices. Overall, the total production indicated a moderate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% year-to-year. Cream production peaked in 2020 and is expected to retain growth in years to come.

Cream Exports

Exports from Spain

In 2020, shipments abroad of cream decreased by -X% to X tons, falling for the sixth year in a row after two years of growth. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

In value terms, cream exports expanded sharply to $X in 2020. Overall, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Exports peaked at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

France (X tons), Portugal (X tons) and Italy (X tons) were the main destinations of cream exports from Spain, with a combined X% share of total exports. These countries were followed by Belgium, Mauritania and the UK, which together accounted for a further X 2007 to 2020, the biggest increases were in Mauritania, while shipments for the other leaders experienced a decline.

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

From 2007 to 2020, the average annual growth rate of value to France stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-X% per year) and Portugal (-X% per year).

Export Prices by Country

The average cream export price stood at $X per ton in 2020, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a mild decrease. The pace of growth was the most pronounced in 2016 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2010; however, from 2011 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per ton), while the average price for exports to Mauritania ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced a decline.

Cream Imports

Imports into Spain

In 2020, purchases abroad of cream increased by X% to X tons, rising for the tenth consecutive year after two years of decline. Overall, imports showed a prominent increase. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the near future.

In value terms, cream imports soared to $X in 2020. Over the period under review, imports recorded a strong expansion. The pace of growth appeared the most rapid in 2011 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2020 and are likely to see gradual growth in the near future.

Imports by Country

In 2020, Germany (X tons) constituted the largest supplier of cream to Spain, accounting for a X% share of total imports. Moreover, cream imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was occupied by Belgium (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Belgium (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Belgium (+X% per year).

Import Prices by Country

In 2020, the average cream import price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2010 an increase of X% against the previous year. The import price peaked in 2020 and is expected to retain growth in years to come.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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