Spain: Sugar Market 2024

Sugar Market Size in Spain

The Spanish sugar market surged to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, recorded a noticeable shrinkage. Sugar consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Sugar Production in Spain

In value terms, sugar production rose to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of sugar in Spain was estimated at less than X kg per ha, therefore, remained relatively stable against the previous year. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of sugar in Spain amounted to less than X ha, remaining relatively unchanged against the previous year's figure. In general, the harvested area saw a relatively flat trend pattern.

Sugar Exports

Exports from Spain

Sugar exports from Spain rose sharply to X tons in 2022, with an increase of X% on the previous year's figure. Overall, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, sugar exports declined slightly to $X in 2022. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons), Portugal (X tons) and the UK (X tons) were the main destinations of sugar exports from Spain, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Portugal ($X) and the UK ($X) appeared to be the largest markets for sugar exported from Spain worldwide, with a combined X% share of total exports.

France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average sugar export price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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

Sugar Imports

Imports into Spain

Sugar imports into Spain surged to X tons in 2022, jumping by X% on the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, sugar imports soared to $X in 2022. Overall, imports, however, continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X tons), France (X tons) and Belize (X tons) were the main suppliers of sugar imports to Spain, together comprising X% of total imports. South Africa, Guatemala, the Netherlands, Portugal, Mozambique and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of X.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), France ($X) and Belize ($X) were the largest sugar suppliers to Spain, with a combined X% share of total imports. South Africa, Guatemala, Portugal, the Netherlands, Mozambique and the UK lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, South Africa, with a CAGR of X.8%, recorded the highest growth rate of 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

The average sugar import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 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 the UK ($X per ton), while the price for Guatemala ($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 UK (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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