Spain: Potato Chips Market 2024

Potato Chips Market Size in Spain

For the third year in a row, the Spanish potato chips market recorded growth in sales value, which increased by 42% to $X in 2022. In general, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +49.9% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Potato Chips Production in Spain

In value terms, potato chips production skyrocketed to $X in 2022 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +48.7% against 2018 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Potato Chips Exports

Exports from Spain

In 2022, exports of potato chips from Spain expanded slightly to X tons, growing by 2.3% compared with 2021 figures. In general, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +9.9% 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 +10.9% against 2016 indices. The pace of growth was the most pronounced in 2014 when exports increased by 86% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, potato chips exports expanded markedly to $X in 2022. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 69% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for potato chips exports from Spain, accounting for a 29% share of total exports. Moreover, potato chips exports to France exceeded the volume sent to the second major destination, Italy (X tons), twofold. The third position in this ranking was held by Portugal (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +22.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+16.7% per year) and Portugal (-4.9% per year).

In value terms, France ($X) remains the key foreign market for potato chips exports from Spain, comprising 27% of total exports. The second position in the ranking was taken by Italy ($X), with a 13% share of total exports. It was followed by Portugal, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to France totaled +28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+20.4% per year) and Portugal (+4.8% per year).

Export Prices by Country

In 2022, the average potato chips export price amounted to $X per ton, rising by 3% against the previous year. In general, the export price saw a strong increase. The pace of growth appeared the most rapid in 2021 an increase of 42%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the near future.

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 the UK ($X per ton), while the average price for exports to Germany ($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 (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Chips Imports

Imports into Spain

In 2022, after three years of growth, there was significant decline in supplies from abroad of potato chips, when their volume decreased by -8.1% to X tons. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.9% 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 +16.4% against 2018 indices. The growth pace was the most rapid in 2015 with an increase of 143% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced in the following year.

In value terms, potato chips imports contracted to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +20.6% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 130%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Portugal (X tons) constituted the largest potato chips supplier to Spain, accounting for a 69% share of total imports. Moreover, potato chips imports from Portugal exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold. The Netherlands (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Portugal amounted to +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.9% per year) and the Netherlands (-7.2% per year).

In value terms, Portugal ($X) constituted the largest supplier of potato chips to Spain, comprising 71% of total imports. The second position in the ranking was taken by France ($X), with an 8.9% share of total imports. It was followed by Belgium, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Portugal stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+2.0% per year) and Belgium (+12.3% per year).

Import Prices by Country

In 2022, the average potato chips import price amounted to $X per ton, dropping by -3.1% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 32%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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