Spain: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Spain

In 2021, the Spanish market for protein concentrates and flavoured or coloured sugar syrups was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Spain

In value terms, production of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Spain

In 2021, shipments abroad of protein concentrates and flavoured or coloured sugar syrups decreased by -0.2% to X tons for the first time since 2015, thus ending a five-year rising trend. Overall, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 57% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2020, and then contracted slightly in the following year.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups stood at $X in 2021. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 45%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Belgium (X tons), Italy (X tons) and France (X tons) were the main destinations of exports of protein concentrates and flavoured or coloured sugar syrups from Spain, together comprising 38% 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 Belgium (with a CAGR of +59.9%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Portugal ($X) appeared to be the largest markets for protein concentrate and flavoured or coloured sugar syrup exported from Spain worldwide, together comprising 30% of total exports. These countries were followed by Belgium, the UK, Germany, Senegal, Andorra, Colombia, Greece, Sweden, Algeria and Russia, which together accounted for a further 40%.

Among the main countries of destination, Senegal, with a CAGR of +86.5%, 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

In 2021, the average export price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, increasing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2014 an increase of 33%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Andorra ($X per ton), while the average price for exports to Belgium ($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 Senegal (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Spain

Imports of protein concentrates and flavoured or coloured sugar syrups into Spain stood at X tons in 2021, picking up by 2.1% on the previous year. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 60% against the previous year. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021. Over the period under review, imports posted a resilient increase. The pace of growth appeared the most rapid in 2017 when imports increased by 45% against the previous year. Over the period under review, imports of reached the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Serbia (X tons) and Belgium (X tons) were the main suppliers of imports of protein concentrates and flavoured or coloured sugar syrups to Spain, with a combined 45% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +38.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of protein concentrates and flavoured or coloured sugar syrups to Spain, comprising 32% of total imports. The second position in the ranking was taken by France ($X), with a 14% share of total imports. It was followed by Germany, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-0.3% per year) and Germany (+11.3% per year).

Import Prices by Country

In 2021, the average import price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, rising by 17% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for protein concentrates and flavoured or coloured sugar syrups increased by +45.1% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 29% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a 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 ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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