Spain: Triticale Market 2024

Triticale Market Size in Spain

The Spanish triticale market fell modestly to $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, showed a buoyant increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Triticale Production in Spain

In value terms, triticale production rose to $X in 2022 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.0% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 101% against the previous year. Triticale production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average triticale yield in Spain was estimated at X tons per ha, increasing by 1.9% on 2021 figures. Over the period under review, the yield indicated a remarkable increase from 2012 to 2022: its figure increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, triticale yield decreased by -5.3% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 74% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the average triticale 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, approx. X ha of triticale were harvested in Spain; which is down by -1.9% against 2021 figures. Overall, the total harvested area indicated a buoyant expansion from 2012 to 2022: its figure increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, triticale harvested area increased by +33.9% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the harvested area increased by 38% against the previous year. The triticale harvested area peaked at X ha in 2021, and then declined in the following year.

Triticale Exports

Exports from Spain

In 2022, approx. X tons of triticale were exported from Spain; dropping by -3.3% compared with 2021. Over the period under review, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 319%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, triticale exports rose notably to $X in 2022. In general, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by 362% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons), the Netherlands (X tons) and Portugal (X tons) were the main destinations of triticale exports from Spain, with a combined 91% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +81.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for triticale exported from Spain were France ($X), the Netherlands ($X) and Portugal ($X), together comprising 91% of total exports.

The Netherlands, with a CAGR of +95.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average triticale export price stood at $X per ton in 2022, rising by 10% against the previous year. In general, the export price, however, showed a pronounced slump. The growth pace was the most rapid in 2021 an increase of 25%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Belgium ($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 (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.

Triticale Imports

Imports into Spain

In 2022, triticale imports into Spain reduced remarkably to X tons, with a decrease of -15.5% compared with 2021. In general, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 2,091%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, triticale imports expanded sharply to $X in 2022. Overall, imports, however, recorded significant growth. The growth pace was the most rapid in 2020 when imports increased by 2,009%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

France (X tons), Poland (X tons) and Lithuania (X tons) were the main suppliers of triticale imports to Spain, with a combined 95% share of total imports. Latvia and Luxembourg lagged somewhat behind, together accounting for a further 4.5%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Luxembourg (with a CAGR of +466.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest triticale suppliers to Spain were France ($X), Poland ($X) and Lithuania ($X), with a combined 95% share of total imports. Latvia and Luxembourg lagged somewhat behind, together accounting for a further 4.5%.

Luxembourg, with a CAGR of +348.3%, recorded the highest rates of growth with regard to 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

The average triticale import price stood at $X per ton in 2022, rising by 25% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 42% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Latvia ($X per ton) and Poland ($X per ton), while the price for Luxembourg ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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