Spain: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Spain

After four years of decline, the Spanish non-wheat groats market increased by 105% to $X in 2021. In general, consumption, however, continues to indicate a pronounced setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Non-Wheat Groats Production in Spain

In value terms, non-wheat groats production soared to $X in 2021 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Non-Wheat Groats Exports

Exports from Spain

In 2021, shipments abroad of groats and meal of cereals (excluding wheat) decreased by -2.7% to X tons, falling for the third year in a row after three years of growth. In general, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 105% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-wheat groats exports surged to $X in 2021. Overall, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 101% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Portugal (X tons), Cameroon (X tons) and Angola (X tons) were the main destinations of non-wheat groats exports from Spain, together comprising 56% of total exports. Cote d'Ivoire, Costa Rica, Hong Kong SAR, the UK, Gabon, Burkina Faso, Malaysia, Morocco and Lebanon lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +136.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-wheat groats exported from Spain were Portugal ($X), Cameroon ($X) and the UK ($X), with a combined 55% share of total exports. Angola, Cote d'Ivoire, Hong Kong SAR, Costa Rica, Gabon, Burkina Faso, Malaysia, Morocco and Lebanon lagged somewhat behind, together comprising a further 33%.

In terms of the main countries of destination, Cote d'Ivoire, with a CAGR of +136.0%, 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 non-wheat groats export price stood at $X per ton in 2021, rising by 21% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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 UK ($X per ton), while the average price for exports to Portugal ($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 Malaysia (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Groats Imports

Imports into Spain

In 2021, overseas purchases of groats and meal of cereals (excluding wheat) increased by 33% to X tons, rising for the second year in a row after four years of decline. Overall, imports, however, continue to indicate a deep reduction. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, non-wheat groats imports surged to $X in 2021. In general, imports, however, showed a abrupt downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest non-wheat groats supplier to Spain, with a 81% share of total imports. Moreover, non-wheat groats imports from France exceeded the figures recorded by the second-largest supplier, Portugal (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France amounted to -9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+15.9% per year) and Germany (-3.6% per year).

In value terms, France ($X) constituted the largest supplier of groats and meal of cereals (excluding wheat) to Spain, comprising 70% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by Portugal, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value from France stood at -11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.6% per year) and Portugal (+14.9% per year).

Import Prices by Country

The average non-wheat groats import price stood at $X per ton in 2021, growing by 10% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 17% against the previous year. 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 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 (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :