Report Update Nov 1, 2024

Spain - Rennet and Concentrates Thereof - Market Analysis, Forecast, Size, Trends and Insights

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Spain: Rennet Market 2024

Rennet Market Size in Spain

After two years of growth, the Spanish rennet market decreased by -79.2% to $X in 2021. Over the period under review, consumption faced a deep reduction. Over the period under review, the market attained the peak level at $X in 2020, and then plummeted in the following year.

Rennet Production in Spain

In value terms, rennet production dropped sharply to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a precipitous decrease. The growth pace was the most rapid in 2014 with an increase of 26% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Rennet Exports

Exports from Spain

Rennet exports from Spain skyrocketed to X tons in 2021, with an increase of 62% on 2020 figures. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 588% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, rennet exports rose significantly to $X in 2021. In general, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2019 when exports increased by 498% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bangladesh (X tons) was the main destination for rennet exports from Spain, accounting for a 63% share of total exports. Moreover, rennet exports to Bangladesh exceeded the volume sent to the second major destination, Brazil (X tons), twofold. Portugal (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bangladesh totaled +158.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+75.4% per year) and Portugal (-10.7% per year).

In value terms, the largest markets for rennet exported from Spain were Brazil ($X), Bangladesh ($X) and Portugal ($X), together accounting for 99% of total exports.

Bangladesh, with a CAGR of +82.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average rennet export price stood at $X per ton in 2021, reducing by -33.8% against the previous year. Overall, the export price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 77%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Bangladesh ($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 France (+18.3%), while the prices for the other major destinations experienced mixed trend patterns.

Rennet Imports

Imports into Spain

In 2021, rennet imports into Spain expanded sharply to X tons, picking up by 12% on the previous year. Overall, imports showed a notable expansion. The most prominent rate of growth was recorded in 2020 with an increase of 132% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, rennet imports soared to $X in 2021. Over the period under review, imports continue to indicate a perceptible increase. The pace of growth appeared the most rapid in 2020 when imports increased by 85%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Denmark (X tons), Turkey (X tons) and France (X tons) were the main suppliers of rennet imports to Spain, with a combined 93% 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 Turkey (with a CAGR of +15.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Turkey ($X) and France ($X) constituted the largest rennet suppliers to Spain, with a combined 83% share of total imports.

France, with a CAGR of +11.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 rennet import price amounted to $X per ton, increasing by 12% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 18%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rennet and concentrates thereof in the world?

The countries with the highest volumes of rennet consumption in 2020 were China, the United States and India, with a combined 40% share of global consumption. Japan, Pakistan, Germany, Italy, Brazil, Indonesia, Turkey, France, the UK and Mexico lagged somewhat behind, together accounting for a further 33%.

What are the largest producers of rennet and concentrates thereof in the world?

The countries with the highest volumes of rennet production in 2020 were China, the United States and India, together accounting for 40% of global production. These countries were followed by Germany, Japan, Pakistan, Italy, Brazil, Indonesia, Turkey, Denmark, France and Mexico, which together accounted for a further 36%.

What are the leading suppliers of rennet and concentrates thereof to Spain?

In value terms, the largest rennet suppliers to Spain were Denmark, Turkey and Italy, with a combined 89% share of total imports.

What are the leading importers of rennet and concentrates thereof from Spain?

In value terms, Russia remains the key foreign market for rennet exports from Spain, comprising 48% of total exports. The second position in the ranking was occupied by Brazil, with a 19% share of total exports. It was followed by Bangladesh, with a 16% share.

What is the average export price for rennet and concentrates thereof in Spain?

The average rennet export price stood at $12,337 per ton in 2020, shrinking by -6% against the previous year.

What is the average import price for rennet and concentrates thereof in Spain?

In 2020, the average rennet import price amounted to $8,335 per ton, shrinking by -15.3% against the previous year.

This report provides an in-depth analysis of the rennet market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20146450 - Rennet and concentrates thereof

Country coverage:

Spain

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Spain
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023