Spain: Non-Wheat Flour Market 2024

Non-Wheat Flour Market Size in Spain

The Spanish non-wheat flour market rose markedly to $X in 2021, with an increase of 14% against the previous year. Overall, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +96.2% against 2017 indices. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the near future.

Non-Wheat Flour Production in Spain

In value terms, non-wheat flour production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +122.3% against 2016 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Non-Wheat Flour Exports

Exports from Spain

In 2021, the amount of non-wheat flours exported from Spain declined to X tons, dropping by -14.6% on 2020. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 32%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, non-wheat flour exports fell modestly to $X in 2021. Overall, total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +127.5% against 2015 indices. The pace of growth appeared the most rapid in 2016 with an increase of 39% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then contracted slightly in the following year.

Exports by Country

France (X tons), Portugal (X tons) and South Korea (X tons) were the main destinations of non-wheat flour exports from Spain, together accounting for 80% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +147.9%), while the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), France ($X) and Italy ($X) were the largest markets for non-wheat flour exported from Spain worldwide, together accounting for 72% of total exports. These countries were followed by the UK, South Korea and Gambia, which together accounted for a further 9.1%.

In terms of the main countries of destination, South Korea, with a CAGR of +111.5%, 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 flour export price stood at $X per ton in 2021, picking up by 12% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-wheat flour export price increased by +70.3% against 2014 indices. The pace of growth was the most pronounced in 2017 an increase of 14% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in years to come.

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 the UK ($X per ton), while the average price for exports to Gambia ($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 Portugal (+9.1%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Wheat Flour Imports

Imports into Spain

In 2021, overseas purchases of non-wheat flours decreased by -21.7% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, recorded a strong increase. The growth pace was the most rapid in 2020 with an increase of 100%. As a result, imports attained the peak of X tons, and then shrank sharply in the following year.

In value terms, non-wheat flour imports amounted to $X in 2021. Overall, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.3% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 67% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

France (X tons), Portugal (X tons) and Italy (X tons) were the main suppliers of non-wheat flour imports to Spain, with a combined 82% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +26.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Portugal ($X) and France ($X) appeared to be the largest non-wheat flour suppliers to Spain, together accounting for 68% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +28.7%, recorded 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

In 2021, the average non-wheat flour import price amounted to $X per ton, rising by 32% against the previous year. In general, the import price, however, showed a mild contraction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 38% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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