Spain: Groundnuts Market 2025

Groundnuts Market Size in Spain

The Spanish groundnuts market totaled $X in 2022, surging by 3.6% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; 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 2022, the growth of the market remained at a lower figure.

Groundnuts Production in Spain

In value terms, groundnuts production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 128%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of ground-nut (in-shell) in Spain amounted to less than X kg per ha in 2022, leveling off at the previous year's figure. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of ground-nut (in-shell) in Spain was estimated at less than X ha, stabilizing at 2021 figures. In general, the harvested area showed a relatively flat trend pattern.

Groundnuts Exports

Exports from Spain

In 2022, approx. X tons of ground-nut (in-shell) were exported from Spain; waning by -49.6% compared with the year before. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by 197% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, groundnuts exports dropped rapidly to $X in 2022. Over the period under review, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2018 when exports increased by 152% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Portugal (X tons), France (X tons) and Italy (X tons) were the main destinations of groundnuts exports from Spain, together accounting for 81% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +87.7%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), France ($X) and Italy ($X) constituted the largest markets for groundnuts exported from Spain worldwide, with a combined 77% share of total exports.

In terms of the main countries of destination, France, with a CAGR of +85.9%, 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 groundnuts export price stood at $X per ton in 2022, with an increase of 4.4% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 36% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Portugal ($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 Netherlands (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Groundnuts Imports

Imports into Spain

In 2022, after three years of growth, there was decline in overseas purchases of ground-nut (in-shell), when their volume decreased by -2.3% to X tons. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 23% against the previous year. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, groundnuts imports totaled $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 24% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

The United States (X tons), China (X tons) and Turkey (X tons) were the main suppliers of groundnuts imports to Spain, with a combined 95% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +44.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Egypt ($X) appeared to be the largest groundnuts suppliers to Spain, together accounting for 94% of total imports.

In terms of the main suppliers, Egypt, with a CAGR of +42.8%, 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 groundnuts import price stood at $X per ton in 2022, picking up by 6.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 10%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Egypt ($X per ton), while the price for the United States ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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