Spain's Fruit Flour Price Reaches Average of $5,531 per Ton Following Three Months of Growth
Mar 20, 2023
360
In November 2022, the fruit flour price stood at $5,531 per ton (FOB, Spain), approximately reflecting the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 8% m-o-m. The export price peaked at $5,934 per ton in January 2022; however, from February 2022 to November 2022, the export prices remained at a lower figure. Average prices varied noticeably for the major external markets. In November 2022, the countries with the highest prices were Israel ($5,975 per ton) and France ($5,737 per ton), while the average price for exports to the United Arab Emirates ($4,868 per ton) and the UK ($5,194 per ton) were amongst the lowest. From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+0.8%), while the prices for the other major destinations experienced a decline. Fruit flour exports from Spain rose sharply to 2.2K tons in November 2022, surging by 9.5% on the previous month's figure. In general, exports recorded resilient growth. The pace of growth was the most pronounced in September 2022 when exports increased by 95% against the previous month. The exports peaked in November 2022. In value terms, fruit flour exports expanded rapidly to $12M (IndexBox estimates) in November 2022. Overall, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in September 2022 with an increase of 104% month-to-month. The exports peaked in November 2022. France (683 tons), Germany (530 tons) and the UK (368 tons) were the main destinations of fruit flour exports from Spain, together comprising 73% of total exports. From January 2022 to November 2022, the biggest increases were in Germany (with a CAGR of +21.7%), while shipments for the other leaders experienced more modest paces of growth. In value terms, the largest markets for fruit flour exported from Spain were France ($3.9M), Germany ($2.9M) and the UK ($1.9M), together accounting for 73% of total exports. In terms of the main countries of destination, Germany, with a CAGR of +20.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.