Spain: Yams Market 2024

Yams Market Size in Spain

The Spanish yams market fell significantly to $X in 2022, with a decrease of -21.4% against the previous year. Over the period under review, consumption showed a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Yams Production in Spain

In value terms, yams production dropped markedly to $X in 2022 estimated in export price. In general, production continues to indicate a precipitous shrinkage. Yams production peaked at $X in 2021, and then reduced remarkably in the following year.

The average yield of yams in Spain amounted to less than X kg per ha in 2022, approximately equating 2021 figures. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of yams were harvested in Spain; remaining relatively unchanged against the year before. Overall, the harvested area recorded a relatively flat trend pattern.

Yams Exports

Exports from Spain

In 2022, overseas shipments of yams decreased by -44.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 6,594%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank notably in the following year.

In value terms, yams exports fell rapidly to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 8,859%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for yams exports from Spain, with a 58% share of total exports. Moreover, yams exports to France exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. Belgium (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+17.8% per year) and Belgium (+16.9% per year).

In value terms, France ($X), the Netherlands ($X) and Belgium ($X) were the largest markets for yams exported from Spain worldwide, together comprising 89% of total exports. Italy and Portugal lagged somewhat behind, together comprising a further 8.2%.

In terms of the main countries of destination, Italy, with a CAGR of +24.7%, 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 2022, the average yams export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 60%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 Portugal (+6.7%), while the prices for the other major destinations experienced a decline.

Yams Imports

Imports into Spain

In 2022, yams imports into Spain rose modestly to X tons, picking up by 2.6% against the previous year. Overall, imports, however, continue to indicate a mild downturn. The pace of growth appeared the most rapid in 2013 with an increase of 136%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, yams imports reached $X in 2022. In general, imports, however, recorded a slight setback. The pace of growth was the most pronounced in 2013 when imports increased by 109%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ghana (X tons) constituted the largest supplier of yams to Spain, with a 69% share of total imports. Moreover, yams imports from Ghana exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. China (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Ghana amounted to -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+14.4% per year) and China (+7.7% per year).

In value terms, the largest yams suppliers to Spain were Ghana ($X), China ($X) and the Netherlands ($X), together accounting for 94% of total imports. Costa Rica lagged somewhat behind, comprising a further 3%.

Costa Rica, with a CAGR of +20.6%, saw 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 yams import price stood at $X per ton in 2022, picking up by 1.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 82% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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