Spain - Anchovies (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
The UK Emerges as the Largest Market for Anchovies Exports from Spain
IndexBox has just published a new report: 'Spain - Anchovies (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.
The revenue of the preserved anchovies market in Spain amounted to $X in 2018, falling by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, anchovies consumption, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2010 when the market value increased by X% y-o-y. In that year, the anchovies market attained its peak level of $X. From 2011 to 2018, the growth of the anchovies market failed to regain its momentum.
Production in Spain
In 2018, the anchovies production in Spain totaled X tonnes, remaining stable against the previous year. The total output volume increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Anchovies production peaked in 2018 and is likely to continue its growth in the near future.
Exports from Spain
In 2018, the exports of prepared or preserved anchovies from Spain totaled X tonnes. In general, the total exports indicated prominent growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, anchovies exports reached their peak figure at X tonnes in 2015; however, from 2016 to 2018, exports failed to regain their momentum.
In value terms, anchovies exports totaled $X (IndexBox estimates) in 2018. Overall, the total exports indicated buoyant growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years.
Exports by Country
The UK (X tonnes), Italy (X tonnes) and France (X tonnes) constitute the main destinations of anchovies exports from Spain, with a combined X% share of total exports. These countries were followed by the U.S., Switzerland, Australia, the Netherlands, Canada, Germany, Egypt, Belgium and the Czech Republic, which together accounted for a further X%.
In 2018, exports to the UK posted solid growth and practically regained their former peak achieved in 2015. This enabled the UK to overcome Italy in the ranking of top foreign markets for anchovies from Spain.
Export Prices by Country
The average anchovies export price stood at $X per tonne in 2018, lowering by -X% against the previous year. Over the period under review, the anchovies export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The export price peaked at $X per tonne in 2008; however, from 2009 to 2018, export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($X per tonne), while the average price for exports to Canada ($X per tonne) was amongst the lowest.
From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced more modest paces of growth.
Imports into Spain
In 2018, the amount of anchovies (prepared or preserved) imported into Spain stood at X tonnes, growing by X% against the previous year. Over the period under review, anchovies imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2015; however, from 2016 to 2018, imports failed to regain their momentum.
In value terms, anchovies imports amounted to $X (IndexBox estimates) in 2018. In general, the total imports indicated measured growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period.
Imports by Country
In 2018, Peru (X tonnes) constituted the largest anchovies supplier to Spain, with a X% share of total imports. Moreover, anchovies imports from Peru exceeded the figures recorded by the second-largest supplier, Morocco (X tonnes), twofold. The third position in this ranking was occupied by Argentina (X tonnes), with a X% share.
From 2007 to 2018, the average annual growth rate of volume from Peru totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (+X% per year) and Argentina (-X% per year).
Source: IndexBox AI Platform
This report provides an in-depth analysis of the preserved anchovies market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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