Spain: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Spain

In 2022, the Spanish buttermilk and buttermilk powder market increased by 20% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, showed a pronounced shrinkage. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Buttermilk And Buttermilk Powder in Spain

In value terms, buttermilk and buttermilk powder production stood at $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 45%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports from Spain

In 2022, after two years of growth, there was significant decline in shipments abroad of buttermilk and buttermilk powder, when their volume decreased by -12.4% to X tons. Overall, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2020 with an increase of 51%. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, buttermilk and buttermilk powder exports reduced to $X in 2022. Over the period under review, exports, however, saw strong growth. The pace of growth was the most pronounced in 2020 with an increase of 40%. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Italy (X tons), France (X tons) and Portugal (X tons) were the main destinations of buttermilk and buttermilk powder exports from Spain, with a combined 60% share of total exports. The UK, Germany, the Philippines, the Netherlands and Equatorial Guinea lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +67.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for buttermilk and buttermilk powder exported from Spain were Portugal ($X), Italy ($X) and France ($X), together comprising 52% of total exports. The UK, Germany, the Philippines, the Netherlands and Equatorial Guinea lagged somewhat behind, together accounting for a further 29%.

Among the main countries of destination, Germany, with a CAGR of +53.1%, saw the highest growth rate of 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

In 2022, the average buttermilk and buttermilk powder export price amounted to $X per ton, with an increase of 6.6% against the previous year. Over the period under review, the export price, however, recorded a slight decrease. The pace of growth appeared the most rapid in 2013 an increase of 20% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Italy ($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 the Philippines (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buttermilk And Buttermilk Powder

Imports into Spain

In 2022, approx. X tons of buttermilk and buttermilk powder were imported into Spain; increasing by 5.7% against the year before. Overall, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 28%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, buttermilk and buttermilk powder imports surged to $X in 2022. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 30%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

France (X tons), Portugal (X tons) and Germany (X tons) were the main suppliers of buttermilk and buttermilk powder imports to Spain, with a combined 85% share of total imports. Austria, Bulgaria and Switzerland lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +179.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest buttermilk and buttermilk powder suppliers to Spain were France ($X), Portugal ($X) and Germany ($X), with a combined 82% share of total imports. Bulgaria, Austria and Switzerland lagged somewhat behind, together comprising a further 14%.

Among the main suppliers, Bulgaria, with a CAGR of +218.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average buttermilk and buttermilk powder import price stood at $X per ton in 2022, growing by 15% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 35%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :