Spain: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Spain

The Spanish prepared dish and meal market fell to $X in 2021, which is down by -3.5% against the previous year. Over the period under review, consumption showed a perceptible decline. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Prepared Dishes And Meals in Spain

In value terms, prepared dish and meal production contracted slightly to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 6.5% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Prepared Dishes And Meals

Exports from Spain

For the third consecutive year, Spain recorded growth in overseas shipments of prepared dishes and meals, which increased by 19% to X tons in 2021. Over the period under review, total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +122.9% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal exports surged to $X in 2021. Overall, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.7% 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 +72.0% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Portugal (X tons) and the United States (X tons) were the main destinations of prepared dish and meal exports from Spain, together comprising 39% of total exports. These countries were followed by Algeria, the Netherlands, South Korea, Morocco, Saudi Arabia, the UK, Italy, Germany, Chile and China, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +73.2%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Portugal ($X) and the United States ($X) constituted the largest markets for prepared dish and meal exported from Spain worldwide, together comprising 29% of total exports. Saudi Arabia, Algeria, the Netherlands, Italy, Germany, China, South Korea, the UK, Morocco and Chile lagged somewhat behind, together accounting for a further 29%.

Among the main countries of destination, South Korea, with a CAGR of +61.1%, recorded 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 prepared dish and meal export price stood at $X per ton in 2021, picking up by 6.7% against the previous year. Overall, the export price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 7.4%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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 Saudi Arabia ($X per ton), while the average price for exports to Morocco ($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 Germany (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into Spain

Prepared dish and meal imports into Spain surged to X tons in 2021, picking up by 20% on 2020 figures. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, prepared dish and meal imports soared to $X in 2021. In general, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of prepared dish and meal imports to Spain, together comprising 57% of total imports. These countries were followed by Italy, Belgium, Portugal, Ireland, Poland and the UK, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +14.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared dish and meal suppliers to Spain were the Netherlands ($X), Germany ($X) and France ($X), with a combined 56% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +13.2%, saw the highest rates of growth with regard to 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 prepared dish and meal import price stood at $X per ton in 2021, approximately mirroring the previous year. Overall, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2016 an increase of 25% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 Ireland ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :