Spain: Grain Market 2024

Grain Market Size in Spain

The Spanish grain market skyrocketed to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Grain consumption peaked in 2022 and is expected to retain growth in years to come.

Grain Production in Spain

In value terms, grain production expanded markedly to $X in 2022 estimated in export price. In general, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

The average yield of grain in Spain was estimated at X tons per ha in 2022, surging by X% on the previous year. Over the period under review, the yield indicated perceptible growth from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grain yield decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the yield increased by X% against the previous year. The grain yield peaked at X tons per ha in 2020; however, from 2021 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The grain harvested area in Spain totaled X ha in 2022, therefore, remained relatively stable against the previous year. Overall, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to grain production attained the maximum at X ha in 2014; however, from 2015 to 2022, the harvested area stood at a somewhat lower figure.

Grain Exports

Exports from Spain

Grain exports from Spain dropped notably to X tons in 2022, which is down by X% on 2021 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, grain exports stood at $X in 2022. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Portugal (X tons), Tunisia (X tons) and France (X tons) were the main destinations of grain exports from Spain, together comprising X% of total exports. Morocco, the UK, Libya, Turkey, Belgium and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Libya (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Tunisia ($X) and France ($X) appeared to be the largest markets for grain exported from Spain worldwide, with a combined X% share of total exports. Morocco, Libya, Italy, the UK, Turkey and Belgium lagged somewhat behind, together comprising a further X%.

Libya, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grain export price stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grain Imports

Imports into Spain

In 2022, overseas purchases of grain were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, grain imports soared to $X in 2022. In general, imports enjoyed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Ukraine (X tons), Brazil (X tons) and France (X tons) were the main suppliers of grain imports to Spain, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Brazil ($X) and France ($X) were the largest grain suppliers to Spain, with a combined X% share of total imports.

Among the main suppliers, Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average grain import price amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grain import price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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