Spain: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Spain

In 2022, the Spanish market for malt extract and food preparations of flour, meal, and starches decreased by -5.8% to $X, falling for the second year in a row after two years of growth. In general, consumption, however, saw temperate growth. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Spain

In value terms, production of malt extract and food preparations of flour, meal, and starches expanded significantly to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 417%. Over the period under review, production of reached the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Spain

In 2022, overseas shipments of malt extract and food preparations of flour, meal, and starches increased by 30% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of malt extract and food preparations of flour, meal, and starches skyrocketed to $X in 2022. In general, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.5% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X tons), France (X tons) and the UK (X tons) were the main destinations of exports of malt extract and food preparations of flour, meal, and starches from Spain, together accounting for 52% of total exports. The Netherlands, Belgium, Saudi Arabia, Italy, Algeria, Mauritania, Germany, South Korea, Morocco and Andorra lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +43.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Portugal ($X) were the largest markets for malt extract and food preparations of flour, meal, and starch exported from Spain worldwide, with a combined 48% share of total exports. The Netherlands, Germany, Italy, Belgium, Andorra, Saudi Arabia, Morocco, South Korea, Algeria and Mauritania lagged somewhat behind, together comprising a further 30%.

Among the main countries of destination, Saudi Arabia, with a CAGR of +40.7%, recorded 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

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 14%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Mauritania ($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 Germany (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Spain

In 2022, supplies from abroad of malt extract and food preparations of flour, meal, and starches increased by 1.9% to X tons, rising for the second year in a row after four years of decline. In general, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +6.1% against 2020 indices. The pace of growth was the most pronounced in 2016 when imports increased by 76% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches reached $X in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 30%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, France (X tons) constituted the largest malt extract and food preparations of flour, meal, and starch supplier to Spain, accounting for a 43% share of total imports. Moreover, imports of malt extract and food preparations of flour, meal, and starches from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Italy (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.3% per year) and Italy (+26.9% per year).

In value terms, France ($X) constituted the largest supplier of malt extract and food preparations of flour, meal, and starches to Spain, comprising 42% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from France stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.3% per year) and Italy (+25.5% per year).

Import Prices by Country

The average import price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, surging by 1.7% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for malt extract and food preparations of flour, meal, and starches increased by +75.7% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 35% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :