Price for Vegetable Products Not Elsewhere Specified or Included in Spain - 2024
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in Spain (CIF) - 2022
- Price for Vegetable Products Not Elsewhere Specified or Included in Spain (FOB) - 2024
- Imports of Vegetable Products Not Elsewhere Specified or Included in Spain
- Exports of Vegetable Products Not Elsewhere Specified or Included in Spain
Price for Vegetable Products Not Elsewhere Specified or Included in Spain (CIF) - 2022
In 2022, the average import price for vegetable products not elsewhere specified or includeds amounted to $701 per ton, rising by 42% against the previous year. Overall, the import price, however, recorded a slight downturn. Over the period under review, average import prices reached the peak figure at $829 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,364 per ton), while the price for Portugal ($104 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetable Products Not Elsewhere Specified or Included in Spain (FOB) - 2024
In August 2023, the average export price for vegetable products not elsewhere specified or includeds amounted to $292 per ton, growing by 15% against the previous month. Overall, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in May 2023 an increase of 27% m-o-m. Over the period under review, the average export prices hit record highs at $449 per ton in January 2023; however, from February 2023 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Cameroon ($1,870 per ton), while the average price for exports to Slovakia ($158 per ton) was amongst the lowest.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+69.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetable Products Not Elsewhere Specified or Included in Spain
In 2022, the amount of vegetable products not elsewhere specified or includeds imported into Spain dropped rapidly to 59K tons, waning by -37% on the previous year's figure. In general, imports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 68%. As a result, imports reached the peak of 94K tons, and then reduced remarkably in the following year.
In value terms, imports of vegetable products not elsewhere specified or includeds declined to $42M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.8% 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 +50.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 70% against the previous year. As a result, imports reached the peak of $47M, and then declined in the following year.
| Import of Vegetable Products Not Elsewhere Specified or Included in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 11.6 | 11.4 | 26.5 | 25.6 | 30.2% |
| Sri Lanka | 2.9 | 3.5 | 5.4 | 3.2 | 3.3% |
| Germany | 0.4 | 0.1 | 0.4 | 1.9 | 68.1% |
| Cote d'Ivoire | 0.4 | 0.7 | 0.7 | 1.1 | 40.1% |
| Netherlands | 0.5 | 0.6 | 0.8 | 0.9 | 21.6% |
| France | 0.8 | 0.6 | 0.5 | 0.8 | 0.0% |
| United States | 0.7 | 0.5 | 1.6 | 0.2 | -34.1% |
| Portugal | 0.4 | 0.1 | 0.7 | 0.1 | -37.0% |
| Turkey | 2.6 | 2.6 | 2.6 | N/A | 0.0% |
| Brazil | 3.3 | 3.2 | 2.9 | N/A | -6.3% |
| Others | 6.1 | 4.3 | 4.9 | 7.6 | 7.6% |
| Total | 29.7 | 27.7 | 47.1 | 41.5 | 11.8% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Spain in 2022:
- India (44.9K tons)
- Sri Lanka (4.5K tons)
- Portugal (1.4K tons)
- Germany (1.4K tons)
- Cote d'Ivoire (1.2K tons)
- Netherlands (1.1K tons)
- France (1.0K tons)
- United States (0.8K tons)
Exports of Vegetable Products Not Elsewhere Specified or Included in Spain
In 2022, after three years of growth, there was significant decline in overseas shipments of vegetable products not elsewhere specified or includeds, when their volume decreased by -19.9% to 23K tons. The total export volume increased at an average annual rate of +5.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of 29K tons, and then declined remarkably in the following year.
In value terms, exports of vegetable products not elsewhere specified or includeds shrank to $9.3M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 53% against the previous year. As a result, the exports attained the peak of $11M, and then reduced in the following year.
| Export of Vegetable Products Not Elsewhere Specified or Included in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 1,224 | 1,364 | 2,059 | 2,093 | 19.6% |
| Morocco | 462 | 1,841 | 1,756 | 1,918 | 60.7% |
| Netherlands | 1,456 | 1,615 | 2,170 | 1,238 | -5.3% |
| Germany | 851 | 1,104 | 1,334 | 1,014 | 6.0% |
| Italy | 310 | 93.3 | 260 | 246 | -7.4% |
| Belgium | 580 | 232 | 561 | 158 | -35.2% |
| Bulgaria | N/A | 1.7 | 46.8 | 97.5 | 657.3% |
| Slovakia | N/A | 7.0 | 27.3 | 69.1 | 214.2% |
| Others | 1,836 | 806 | 2,602 | 2,450 | 10.1% |
| Total | 6,720 | 7,064 | 10,816 | 9,284 | 11.4% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Spain in 2022:
- Netherlands (7.5K tons)
- Germany (4.9K tons)
- Portugal (4.8K tons)
- Morocco (2.3K tons)
- Belgium (0.8K tons)
- Slovakia (0.4K tons)
- Bulgaria (0.4K tons)
- Italy (0.3K tons)
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