Spain: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in Spain

The Spanish grape juice (single strength) market reduced notably to $X in 2021, waning by -48.4% against the previous year. In general, consumption showed a deep reduction. Grape juice (single strength) consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Grape Juice (Single Strength) in Spain

In value terms, grape juice (single strength) production totaled $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by 27%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Grape Juice (Single Strength)

Exports from Spain

Grape juice (single strength) exports from Spain skyrocketed to X tons in 2021, rising by 49% on the previous year. Over the period under review, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 139%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, grape juice (single strength) exports surged to $X in 2021. In general, total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 78% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for grape juice (single strength) exports from Spain, with a 51% share of total exports. Moreover, grape juice (single strength) exports to Italy exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume to Italy amounted to +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+9.5% per year) and the Netherlands (+29.3% per year).

In value terms, the largest markets for grape juice (single strength) exported from Spain were Italy ($X), France ($X) and China ($X), with a combined 63% share of total exports. These countries were followed by the Netherlands, Ghana, the UK, Germany and Nigeria, which together accounted for a further 20%.

Ghana, with a CAGR of +22.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average grape juice (single strength) export price amounted to $X per ton, which is down by -8.8% against the previous year. Over the period under review, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 28%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Italy ($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 Nigeria (+0.9%), while the prices for the other major destinations experienced a decline.

Imports of Grape Juice (Single Strength)

Imports into Spain

In 2021, grape juice (single strength) imports into Spain declined dramatically to X tons, waning by -72.1% on 2020 figures. Overall, imports recorded a precipitous setback. The pace of growth appeared the most rapid in 2016 with an increase of 438% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, grape juice (single strength) imports shrank rapidly to $X in 2021. Over the period under review, imports recorded a sharp setback. The pace of growth was the most pronounced in 2016 when imports increased by 444%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest grape juice (single strength) supplier to Spain, with a 72% share of total imports. Moreover, grape juice (single strength) imports from Italy exceeded the figures recorded by the second-largest supplier, Romania (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled -23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (-19.7% per year) and the UK (+57.4% per year).

In value terms, Italy ($X) constituted the largest supplier of grape juice (single strength) to Spain, comprising 82% of total imports. The second position in the ranking was held by Romania ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Italy totaled -20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (-22.6% per year) and the UK (+29.4% per year).

Import Prices by Country

The average grape juice (single strength) import price stood at $X per ton in 2021, jumping by 77% against the previous year. In general, the import price continues to indicate a noticeable increase. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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