Spain: Canned Food Market 2024

Canned Food Market Size in Spain

In 2021, the Spanish canned food market increased by 96% to $X, rising for the second year in a row after three years of decline. In general, consumption continues to indicate a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Canned Food Production in Spain

In value terms, canned food production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 12% against the previous year. Canned food production peaked in 2021 and is expected to retain growth in the near future.

Canned Food Exports

Exports from Spain

In 2021, the amount of canned food exported from Spain stood at X tons, picking up by 3.4% on the previous year. The total export volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 with an increase of 15%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, canned food exports reached $X in 2021. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 10% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons) was the main destination for canned food exports from Spain, with a 19% share of total exports. Moreover, canned food exports to France exceeded the volume sent to the second major destination, the United States (X tons), twofold. Portugal (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to France totaled +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.7% per year) and Portugal (+1.9% per year).

In value terms, France ($X), the United States ($X) and Portugal ($X) were the largest markets for canned food exported from Spain worldwide, together comprising 34% of total exports. The UK, Italy, Germany, Saudi Arabia, Russia, Poland, the Netherlands, Sweden, Canada and Belgium lagged somewhat behind, together accounting for a further 40%.

Among the main countries of destination, Poland, with a CAGR of +14.1%, recorded the highest growth rate of 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 2020, the average canned food export price amounted to $X per ton, rising by 7.7% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into Spain

Canned food imports into Spain stood at X tons in 2021, almost unchanged from 2020 figures. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 9.9% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, canned food imports expanded notably to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 7.2%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

France (X tons), Peru (X tons) and Germany (X tons) were the main suppliers of canned food imports to Spain, with a combined 43% share of total imports. These countries were followed by Portugal, China, Italy, Indonesia, Egypt, the Netherlands, India, Belgium, the Philippines and Poland, which together accounted for a further 41%.

From 2012 to 2020, the biggest increases were recorded for Egypt (with a CAGR of +52.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Peru ($X) and Germany ($X) appeared to be the largest canned food suppliers to Spain, together comprising 44% of total imports. Portugal, China, the Netherlands, Italy, Belgium, Poland, Indonesia, Egypt, India and the Philippines lagged somewhat behind, together comprising a further 38%.

Among the main suppliers, Egypt, with a CAGR of +43.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average canned food import price amounted to $X per ton, growing by 5.3% against the previous year. Overall, the import price, however, saw a mild decrease. The growth pace was the most rapid in 2018 when the average import price increased by 5.9% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Belgium ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Belgium (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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