Spain: Crispbread Market 2024

Crispbread Market Size in Spain

In 2021, the Spanish crispbread market decreased by -23% to $X, falling for the second consecutive year after three years of growth. Overall, consumption saw a mild descent. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Crispbread Production in Spain

In value terms, crispbread production surged to $X in 2021 estimated in export price. Overall, production recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 826%. Crispbread production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Crispbread Exports

Exports from Spain

For the seventh year in a row, Spain recorded growth in shipments abroad of crispbread, which increased by 156% to X tons in 2021. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, crispbread exports skyrocketed to $X in 2021. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 122%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of crispbread exports from Spain, together accounting for 58% of total exports. Italy, the UK, Portugal, the United States, Gibraltar and Mexico lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +210.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) were the largest markets for crispbread exported from Spain worldwide, together comprising 61% of total exports.

In terms of the main countries of destination, France, with a CAGR of +178.9%, 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 crispbread export price stood at $X per ton in 2021, dropping by -22.9% against the previous year. Over the period under review, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 33%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to the Netherlands ($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 Italy (+0.8%), while the prices for the other major destinations experienced a decline.

Crispbread Imports

Imports into Spain

In 2021, overseas purchases of crispbread decreased by -12.5% to X tons, falling for the third consecutive year after three years of growth. In general, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -29.0% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of 40% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, crispbread imports reached $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced expansion. The pace of growth was the most pronounced in 2016 with an increase of 53% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of crispbread imports to Spain, with a combined 79% share of total imports. France, Sweden, Portugal, the United States, the UK and Finland lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +240.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Sweden ($X) were the largest crispbread suppliers to Spain, together comprising 85% of total imports. Portugal, the Netherlands, the United States, France, the UK and Finland lagged somewhat behind, together accounting for a further 14%.

The United States, with a CAGR of +137.0%, saw the highest growth rate of the value of imports, in terms of 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 2021, the average crispbread import price amounted to $X per ton, jumping by 31% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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