Spain: Spinach Market 2024

Spinach Market Size in Spain

In 2022, the Spanish spinach market decreased by -2.4% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +40.7% against 2019 indices. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Spinach Production in Spain

In value terms, spinach production reduced to $X in 2022 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +7.6% against 2016 indices. The growth pace was the most rapid in 2016 with an increase of 30%. Over the period under review, production hit record highs at $X in 2021, and then shrank in the following year.

The average yield of spinach in Spain contracted slightly to X tons per ha in 2022, dropping by -3.9% compared with 2021 figures. Overall, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by 31% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2022, the growth of the average spinach yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of spinach production in Spain fell to X ha, with a decrease of -2.4% compared with 2021 figures. In general, the total harvested area indicated a temperate expansion from 2012 to 2022: its figure increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spinach harvested area increased by +15.9% against 2019 indices. The growth pace was the most rapid in 2016 when the harvested area increased by 37%. The spinach harvested area peaked at X ha in 2021, and then declined modestly in the following year.

Spinach Exports

Exports from Spain

In 2022, after four years of growth, there was significant decline in overseas shipments of spinach, when their volume decreased by -13.9% to X tons. Overall, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.8% 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 2013 with an increase of 55% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then contracted in the following year.

In value terms, spinach exports shrank remarkably to $X in 2022. In general, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 45% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined dramatically in the following year.

Exports by Country

The UK (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of spinach exports from Spain, together comprising 72% of total exports. Germany, Poland, Portugal, Sweden and Belgium lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +23.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spinach exported from Spain were the UK ($X), the Netherlands ($X) and Germany ($X), together comprising 72% of total exports. France, Poland, Portugal, Belgium and Sweden lagged somewhat behind, together comprising a further 21%.

Among the main countries of destination, Poland, with a CAGR of +22.1%, recorded 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 2022, the average spinach export price amounted to $X per ton, reducing by -4.4% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 14%. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Poland ($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 (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Spinach Imports

Imports into Spain

For the sixth consecutive year, Spain recorded growth in purchases abroad of spinach, which increased by 54% to X tons in 2022. Over the period under review, imports recorded resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 70% 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, spinach imports skyrocketed to $X in 2022. Overall, imports showed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 76%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of spinach to Spain, with a 58% share of total imports. Moreover, spinach imports from France exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+9.5% per year) and the Netherlands (+5.7% per year).

In value terms, France ($X) constituted the largest supplier of spinach to Spain, comprising 55% of total imports. The second position in the ranking was taken by Italy ($X), with a 19% share of total imports. It was followed by Portugal, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from France totaled +19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.5% per year) and Portugal (-3.0% per year).

Import Prices by Country

The average spinach import price stood at $X per ton in 2022, falling by -12.8% against the previous year. In general, the import price saw a mild decline. The pace of growth appeared the most rapid in 2016 when the average import price increased by 26%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+6.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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