Spain: Tapioca And Substitutes Market 2025

Tapioca And Substitutes Market Size in Spain

The Spanish tapioca and substitutes market reached $X in 2021, surging by 9% against the previous year. Over the period under review, consumption, however, enjoyed a prominent increase. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in years to come.

Tapioca And Substitutes Production in Spain

In value terms, tapioca and substitutes production fell to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 2.5% against the previous year. Tapioca and substitutes production peaked at $X in 2020, and then contracted in the following year.

Tapioca And Substitutes Exports

Exports from Spain

In 2021, approx. X tons of tapioca and substitutes were exported from Spain; shrinking by -33.5% compared with the previous year's figure. In general, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by 192%. Over the period under review, the exports attained the maximum at X tons in 2020, and then reduced remarkably in the following year.

In value terms, tapioca and substitutes exports contracted sharply to $X in 2021. Over the period under review, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2020 when exports increased by 190% against the previous year. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

France (X tons), Portugal (X tons) and the Netherlands (X tons) were the main destinations of tapioca and substitutes exports from Spain, together accounting for 75% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +351.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) emerged as the key foreign market for tapioca and substitutes exports from Spain, comprising 38% of total exports. The second position in the ranking was held by the UK ($X), with a 15% share of total exports. It was followed by Portugal, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to France totaled +82.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+119.8% per year) and Portugal (-6.9% per year).

Export Prices by Country

The average tapioca and substitutes export price stood at $X per ton in 2021, shrinking by -25.7% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 134%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

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 Belgium ($X per ton), while the average price for exports to Portugal ($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 Germany (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Tapioca And Substitutes Imports

Imports into Spain

After five years of growth, overseas purchases of tapioca and substitutes decreased by -15.2% to X tons in 2021. Over the period under review, imports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 72% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020, and then fell notably in the following year.

In value terms, tapioca and substitutes imports rose rapidly to $X in 2021. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2017 with an increase of 105%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Belgium (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of tapioca and substitutes imports to Spain, together comprising 82% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +400.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and the Netherlands ($X) were the largest tapioca and substitutes suppliers to Spain, together comprising 78% of total imports.

Belgium, with a CAGR of +260.8%, saw the highest growth rate of the value of imports, among 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 tapioca and substitutes import price amounted to $X per ton, jumping by 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 49%. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

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 Cote d'Ivoire ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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