Price for Food Preparations Not Elsewhere Specified or Included in Spain - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Spain (FOB) - 2023
- Price for Food Preparations Not Elsewhere Specified or Included in Spain (CIF) - 2023
- Exports of Food Preparations Not Elsewhere Specified or Included in Spain
- Imports of Food Preparations Not Elsewhere Specified or Included in Spain
Price for Food Preparations Not Elsewhere Specified or Included in Spain (FOB) - 2023
In November 2023, the average export price for food preparations not elsewhere specified or included amounted to $6,131 per ton, with an increase of 5% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in August 2023 when the average export price increased by 69% against the previous month. As a result, the export price reached the peak level of $13,359 per ton. From September 2023 to November 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($17,117 per ton), while the average price for exports to the Dominican Republic ($3,098 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Spain (CIF) - 2023
In November 2023, the average import price for food preparations not elsewhere specified or included amounted to $5,701 per ton, dropping by -2.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.6%. The pace of growth was the most pronounced in December 2022 an increase of 25% against the previous month. Over the period under review, average import prices reached the peak figure at $6,488 per ton in May 2023; however, from June 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Poland ($7,980 per ton), while the price for Belgium ($2,935 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Food Preparations Not Elsewhere Specified or Included in Spain
For the fourth year in a row, Spain recorded growth in overseas shipments of food preparations not elsewhere specified or included, which increased by 4.9% to 234K tons in 2022. The total export volume increased at an average annual rate of +12.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of food preparations not elsewhere specified or included rose rapidly to $1.1B in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.2% 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 +61.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Food Preparations Not Elsewhere Specified or Included in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 95.2 | 107 | 124 | 143 | 14.5% |
| Portugal | 85.2 | 75.7 | 99.6 | 111 | 9.2% |
| Saudi Arabia | 18.1 | 19.8 | 46.0 | 82.4 | 65.7% |
| United States | 13.6 | 42.3 | 64.7 | 57.5 | 61.7% |
| Netherlands | 14.4 | 18.0 | 38.1 | 47.1 | 48.4% |
| Italy | 28.2 | 28.0 | 37.8 | 39.6 | 12.0% |
| Germany | 27.1 | 30.6 | 31.9 | 38.8 | 12.7% |
| South Korea | 16.2 | 5.3 | 21.7 | 28.5 | 20.7% |
| Belgium | 12.9 | 17.4 | 20.7 | 25.9 | 26.2% |
| United Kingdom | 19.8 | 23.9 | 25.5 | 21.8 | 3.3% |
| Dominican Republic | 6.0 | 5.8 | 8.6 | 20.6 | 50.9% |
| Algeria | 26.5 | 40.3 | 39.8 | 20.4 | -8.4% |
| Morocco | 10.3 | 13.8 | 17.1 | 18.9 | 22.4% |
| Others | 326 | 388 | 448 | 472 | 13.1% |
| Total | 700 | 815 | 1,023 | 1,127 | 17.2% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Spain in 2022:
- France (38.0K tons)
- Portugal (30.6K tons)
- Saudi Arabia (12.5K tons)
- South Korea (9.2K tons)
- United States (9.1K tons)
- Netherlands (8.6K tons)
- Dominican Republic (6.9K tons)
- Morocco (6.6K tons)
- Italy (6.2K tons)
- Algeria (5.7K tons)
- Belgium (5.7K tons)
- United Kingdom (4.6K tons)
- Germany (4.2K tons)
Imports of Food Preparations Not Elsewhere Specified or Included in Spain
In 2022, imports of food preparations not elsewhere specified or included into Spain rose notably to 227K tons, increasing by 5.5% compared with the year before. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of food preparations not elsewhere specified or included contracted slightly to $1.1B in 2022. The total import value increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 19%. As a result, imports attained the peak of $1.1B, and then declined in the following year.
| Import of Food Preparations Not Elsewhere Specified or Included in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 127 | 179 | 235 | 230 | 21.9% |
| France | 151 | 156 | 191 | 184 | 6.8% |
| Germany | 138 | 155 | 182 | 168 | 6.8% |
| Italy | 140 | 130 | 166 | 158 | 4.1% |
| Poland | 25.0 | 25.0 | 43.5 | 48.7 | 24.9% |
| Belgium | 39.2 | 38.0 | 48.9 | 47.8 | 6.8% |
| Ireland | 56.9 | 24.2 | 56.7 | 32.0 | -17.5% |
| Portugal | 24.8 | 27.8 | 31.7 | 31.6 | 8.4% |
| Denmark | 37.5 | 36.6 | 15.2 | 19.9 | -19.0% |
| United Kingdom | 80.6 | 54.5 | 18.3 | 18.1 | -39.2% |
| United States | 27.2 | 7.4 | 6.9 | 14.7 | -18.5% |
| Others | 107 | 89.5 | 102 | 125 | 5.3% |
| Total | 955 | 923 | 1,097 | 1,077 | 4.1% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Spain in 2022:
- France (45.2K tons)
- Netherlands (43.7K tons)
- Germany (39.2K tons)
- Italy (23.4K tons)
- Belgium (18.6K tons)
- Portugal (11.8K tons)
- Poland (6.1K tons)
- Ireland (5.0K tons)
- Denmark (3.6K tons)
- United States (3.3K tons)
- United Kingdom (2.1K tons)
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