Spain: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in Spain

In 2023, the Spanish market for crispbread, rusks and toasted bread decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Production of Crispbread, Rusks and Toasted Bread in Spain

In value terms, crispbread, rusk and toasted bread production dropped to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2022 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then shrank in the following year.

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Exports of Crispbread, Rusks and Toasted Bread

Exports from Spain

In 2023, after four years of decline, there was significant growth in overseas shipments of crispbread, rusks and toasted bread, when their volume increased by X% to X tons. Over the period under review, total exports indicated a tangible increase from 2012 to 2023: 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. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2023, the growth of the exports failed to regain momentum.

In value terms, crispbread, rusk and toasted bread exports surged to $X in 2023. In general, total exports indicated a buoyant increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of X%. The exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

France (X tons) was the main destination for crispbread, rusk and toasted bread exports from Spain, with a X% share of total exports. Moreover, crispbread, rusk and toasted bread exports to France exceeded the volume sent to the second major destination, Portugal (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Italy (X% per year).

In value terms, France ($X) remains the key foreign market for crispbread, rusks and toasted bread exports from Spain, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Portugal, with a X% share.

From 2012 to 2023, the average annual growth rate of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Portugal (X% per year).

Export Prices by Country

The average export price for crispbread, rusks and toasted bread stood at $X per ton in 2023, growing by X% against the previous year. In general, export price indicated noticeable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, crispbread, rusk and toasted bread export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crispbread, Rusks and Toasted Bread

Imports into Spain

In 2023, supplies from abroad of crispbread, rusks and toasted bread was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. In general, imports, however, showed a mild setback. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, crispbread, rusk and toasted bread imports soared to $X in 2023. Overall, total imports indicated a measured increase from 2012 to 2023: its value 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. Based on 2023 figures, imports increased by X% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Portugal (X tons) constituted the largest supplier of crispbread, rusk and toasted bread to Spain, with a X% share of total imports. Moreover, crispbread, rusk and toasted bread imports from Portugal exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by France (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Portugal stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and France (X% per year).

In value terms, Portugal ($X), Italy ($X) and the Netherlands ($X) constituted the largest crispbread, rusk and toasted bread suppliers to Spain, together comprising X% of total imports. France, Germany, Belgium, Sweden and the UK lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, 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 import price for crispbread, rusks and toasted bread stood at $X per ton in 2023, rising by X% against the previous year. Overall, import price indicated measured growth from 2012 to 2023: its price 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. Based on 2023 figures, crispbread, rusk and toasted bread import price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the average import price increased by X%. The import price peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform