Spain: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Spain

In 2021, the Spanish meat meals and pellets market increased by 31% 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 +2.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Spain

In value terms, meat meals and pellets production skyrocketed to $X in 2021 estimated in export price. In general, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +37.5% against 2019 indices. The growth pace was the most rapid in 2013 when the production volume increased by 47% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports from Spain

In 2021, the amount of flours, meals and pellets of meat or meat offal exported from Spain expanded sharply to X tons, surging by 6.3% compared with the previous year. The total export volume increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by 13% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, meat meals and pellets exports soared to $X in 2021. Overall, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +136.8% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Italy (X tons) and Thailand (X tons) were the main destinations of meat meals and pellets exports from Spain, with a combined 57% share of total exports. Germany, the Netherlands, Chile, Portugal and Vietnam lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +53.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for meat meals and pellets exported from Spain were France ($X), Italy ($X) and the Netherlands ($X), with a combined 51% share of total exports. Thailand, Germany, Chile, Portugal and Vietnam lagged somewhat behind, together accounting for a further 34%.

Among the main countries of destination, Chile, with a CAGR of +65.1%, 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

The average meat meals and pellets export price stood at $X per ton in 2021, jumping by 32% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, meat meals and pellets export price increased by +85.2% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Portugal ($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 Portugal (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports into Spain

In 2021, overseas purchases of flours, meals and pellets of meat or meat offal increased by 9.1% to X tons, rising for the fifth consecutive year after two years of decline. In general, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +9.8% 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 increased by +74.9% against 2016 indices. The growth pace was the most rapid in 2013 when imports increased by 49% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, meat meals and pellets imports rose markedly to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +12.6% 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 +43.8% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 102% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

France (X tons), Portugal (X tons) and Italy (X tons) were the main suppliers of meat meals and pellets imports to Spain, with a combined 83% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +92.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest meat meals and pellets suppliers to Spain were France ($X), Portugal ($X) and Italy ($X), with a combined 78% share of total imports. These countries were followed by Germany, the Netherlands, the Czech Republic and Denmark, which together accounted for a further 17%.

Germany, with a CAGR of +77.9%, 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 meat meals and pellets import price amounted to $X per ton, approximately reflecting the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2013 an increase of 36% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, 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 Portugal (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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