Spain - Durum Wheat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDurum Wheat Price in Spain - 2023
Contents:
- Durum Wheat Price in Spain (CIF) - 2022
- Durum Wheat Price in Spain (FOB) - 2022
- Durum Wheat Imports in Spain
- Durum Wheat Exports in Spain
Durum Wheat Price in Spain (CIF) - 2022
The average durum wheat import price stood at $389 per ton in 2022, surging by 17% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, durum wheat import price increased by +84.4% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 25% 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.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($602 per ton), while the price for the UK ($193 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Durum Wheat Price in Spain (FOB) - 2022
The average durum wheat export price stood at $552 per ton in 2022, growing by 17% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, durum wheat export price increased by +94.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 34% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to France ($643 per ton) and Libya ($633 per ton), while the average price for exports to Portugal ($459 per ton) and Italy ($480 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.
Durum Wheat Imports in Spain
Durum wheat imports into Spain reduced markedly to 542K tons in 2022, shrinking by -15.9% against the previous year's figure. The total import volume increased at an average annual rate of +1.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 28%. As a result, imports reached the peak of 644K tons, and then declined remarkably in the following year.
In value terms, durum wheat imports declined modestly to $210M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +19.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. As a result, imports attained the peak of $214M, and then declined in the following year.
| Import of Durum Wheat in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 59.8 | 53.3 | 63.4 | 80.9 | 10.6% |
| Canada | 8.2 | 45.7 | 46.7 | 43.0 | 73.7% |
| Lithuania | 13.7 | 8.8 | 1.4 | 25.4 | 22.8% |
| United States | 1.9 | 4.2 | N/A | 11.5 | 82.2% |
| Australia | N/A | N/A | N/A | 9.1 | 0% |
| Poland | 12.5 | 6.9 | 5.6 | 8.4 | -12.4% |
| Sweden | N/A | N/A | N/A | 7.7 | 0% |
| Portugal | 2.7 | 0.6 | 1.4 | 5.0 | 22.8% |
| Luxembourg | N/A | 5.0 | 12.0 | 3.9 | -11.7% |
| Bulgaria | 15.5 | N/A | 9.9 | N/A | -20.1% |
| Others | 9.9 | 9.5 | 73.9 | 15.4 | 15.9% |
| Total | 124 | 134 | 214 | 210 | 19.2% |
Top Suppliers of Durum Wheat to Spain in 2022:
- France (238.0K tons)
- Canada (93.3K tons)
- Lithuania (81.7K tons)
- Sweden (20.5K tons)
- Australia (19.9K tons)
- United States (19.2K tons)
- Poland (16.6K tons)
- Portugal (13.2K tons)
- Luxembourg (13.2K tons)
- Bulgaria (0.1K tons)
Durum Wheat Exports in Spain
In 2022, approx. 311K tons of durum wheat were exported from Spain; jumping by 30% against the previous year. Over the period under review, exports, however, continue to indicate a abrupt downturn.
In value terms, durum wheat exports surged to $171M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Durum Wheat in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tunisia | 35.2 | 80.5 | 14.2 | 66.1 | 23.4% |
| Libya | 2.0 | 6.9 | N/A | 26.0 | 135.1% |
| Portugal | 12.6 | 18.0 | 26.6 | 23.9 | 23.8% |
| Morocco | N/A | 9.9 | 3.3 | 23.3 | 53.4% |
| Italy | 28.4 | 39.2 | 7.8 | 11.5 | -26.0% |
| United Kingdom | N/A | 0.1 | 2.3 | 8.2 | 805.5% |
| France | 8.5 | 5.6 | 17.0 | 4.0 | -22.2% |
| Mauritania | N/A | N/A | 17.7 | N/A | 0% |
| Turkey | 37.5 | N/A | N/A | N/A | 0% |
| Others | 6.1 | 7.9 | 23.6 | 8.4 | 11.3% |
| Total | 130 | 168 | 113 | 171 | 9.6% |
Top Export Markets for Durum Wheat from Spain in 2022:
- Turkey (undefinedK tons)
- Tunisia (118.0K tons)
- Portugal (52.0K tons)
- Libya (41.1K tons)
- Morocco (38.8K tons)
- Italy (24.0K tons)
- United Kingdom (14.6K tons)
- France (6.2K tons)
This report provides an in-depth analysis of the durum wheat 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 2030.
Product coverage:
- FCL 15 - Wheat
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the durum wheat market in Spain.
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This report provides an in-depth analysis of the wheat market in Spain.
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This report provides an in-depth analysis of the cereal market in Spain.
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This report provides an in-depth analysis of the grain market in Spain.
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This report provides an in-depth analysis of the grain market in Spain.
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This report provides an in-depth analysis of the global durum wheat market.
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This report provides an in-depth analysis of the global wheat market.
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This report provides an in-depth analysis of the global grain market.
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Durum Wheat imports reached a peak and are projected to keep rising in the near future, with a value of $298M in 2023.
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In August 2022, the durum wheat price stood at $439 per ton (CIF, Spain), falling by -22.5% against the previous month.
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Explore the top import markets for durum wheat and examine the key statistics and numbers behind these markets. Learn about the significant impact of durum wheat trade on global economies.
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Explore the top import markets for wheat including Indonesia, Egypt, China, Algeria, Turkey, Italy, Philippines, Morocco, Japan, and Nigeria. Find out the key statistics and market insights using IndexBox platform.
686
In 2022, wheat price growth is forecast to slow down with sufficient global production and falling demand for feed grains in the U.S. and the EU. Global wheat output is set to remain at the 2021’s level of approx. 777M tons.
627
The average annual wheat price in the U.S. is forecast to drop by 2% y-o-y to $250 per ton in 2022, falling on reduced domestic consumption coupled with stable supply worldwide. The market balance will be buoyed by production gains in Argentina and the EU that will offset decreasing output in Brazil and Paraguay.
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This year, harvests in the EU, the U.S., the UK, Argentina, Morocco and Ukraine are expected to increase, leading to a growth in wheat production. Even though global stockpiles of grains will remain high, there are boosted expectations for inflation due to forecasts of record demand and increased prices for other cereal grains. The rising global population and bioethanol production are key factors leading to this growth in demand for wheat. Another driving factor is the emerging trend in the EU to use more wheat in animal feed rather than barley.
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Global wheat production will reach 758.3 million tons in 2020, showing a slight decrease of 0.5 percent over the previous year's highs and still at a fairly high level.
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Global wheat consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
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In 2015, the countries with the highest levels of production were China (X thousand tons), India (X thousand tons), Russia (X thousand tons), together accounting for X% of total output.
