Spain: Mate Market 2025

Mate Market Size in Spain

The Spanish mate market skyrocketed to $X in 2022, picking up by 51% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Mate Exports

Exports from Spain

After two years of growth, shipments abroad of mate decreased by -21.7% to X tons in 2022. Overall, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of 130%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell dramatically in the following year.

In value terms, mate exports fell modestly to $X in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 161% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons), Italy (X tons) and Switzerland (X tons) were the main destinations of mate exports from Spain, with a combined 51% share of total exports. Andorra, France, Portugal, Poland, Germany, Greece, Israel, the Netherlands, Belgium and Ireland lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +127.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mate exported from Spain were Italy ($X), the UK ($X) and France ($X), together accounting for 52% of total exports. Switzerland, Andorra, Portugal, the Netherlands, Germany, Greece, Israel, Belgium, Poland and Ireland lagged somewhat behind, together comprising a further 41%.

In terms of the main countries of destination, Greece, with a CAGR of +104.2%, 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

The average mate export price stood at $X per ton in 2022, picking up by 26% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 33%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Poland ($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 Belgium (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Mate Imports

Imports into Spain

In 2022, mate imports into Spain soared to X tons, with an increase of 44% against the previous year. In general, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 52% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, mate imports surged to $X in 2022. Overall, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Argentina (X tons) constituted the largest mate supplier to Spain, with a 46% share of total imports. Moreover, mate imports from Argentina exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Brazil (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina amounted to +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+144.5% per year) and Brazil (+4.8% per year).

In value terms, Argentina ($X) constituted the largest supplier of mate to Spain, comprising 46% of total imports. The second position in the ranking was taken by Brazil ($X), with a 17% share of total imports. It was followed by the Netherlands, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina stood at +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+8.2% per year) and the Netherlands (+138.5% per year).

Import Prices by Country

The average mate import price stood at $X per ton in 2022, rising by 3.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2013 when the average import price increased by 26%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Brazil ($X per ton) and France ($X per ton), while the price for Paraguay ($X per ton) and Belize ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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