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Spain - Durum Wheat - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Apr 9, 2024

Spain's Import of Durum Wheat Reaches Record High of $298M in 2023

Spain Durum Wheat Imports

In 2023, durum wheat imports into Spain soared to 769K tons, increasing by 51% on 2022. In general, total imports indicated a strong expansion from 2013 to 2023: its volume increased at an average annual rate of +10.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by +53.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, durum wheat imports soared to $298M (IndexBox estimates) in 2023. Over the period under review, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 60%. Imports peaked in 2023 and are likely to continue growth in the near future. Spain Durum Wheat Imports By Country (Million USD)

COUNTRY	Import Value of Durum Wheat in Spain (million USD)
COUNTRY	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
France	72.1	66.2	56.7	72.5	50.9	52.6	59.8	51.5	60.8	103	76.3
Turkey	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	40.1
Canada	5.2	8.3	20.0	N/A	N/A	8.3	8.2	46.0	42.4	43.4	24.0
Italy	N/A	N/A	0.2	0.5	0.3	0.3	0.6	1.8	12.2	1.6	22.9
Kazakhstan	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	18.6
Lithuania	N/A	1.4	6.8	1.8	N/A	N/A	13.7	9.2	N/A	2.2	16.9
Bulgaria	16.2	6.2	13.0	4.1	5.6	22.9	15.5	N/A	9.1	N/A	14.7
Germany	13.1	6.8	0.7	3.5	N/A	9.6	N/A	0.1	18.4	1.9	12.4
Portugal	3.2	3.0	2.3	3.3	6.0	4.7	2.7	0.6	1.2	5.0	11.8
Russia	N/A	N/A	0.8	N/A	N/A	N/A	N/A	N/A	N/A	N/A	10.5
Greece	N/A	10.7	2.2	4.6	N/A	N/A	N/A	N/A	7.0	N/A	10.3
United States	N/A	N/A	16.0	N/A	N/A	0.8	1.9	4.3	N/A	12.4	10.0
Latvia	N/A	N/A	N/A	N/A	N/A	N/A	N/A	3.6	16.5	2.0	8.4
Others	6.4	28.5	29.2	26.2	22.1	18.8	21.8	16.9	46.7	42.0	20.8
Total	116	131	148	117	84.9	118	124	134	214	213	298

Imports by Country

In 2023, France (219K tons) constituted the largest durum wheat supplier to Spain, with a 28% share of total imports. Moreover, durum wheat imports from France exceeded the figures recorded by the second-largest supplier, Turkey (83K tons), threefold. Italy (59K tons) ranked third in terms of total imports with a 7.7% share.

From 2013 to 2023, the average annual growth rate of volume from France totaled +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+1,399.3% per year) and Italy (+106.0% per year).

In value terms, France ($76M), Turkey ($40M) and Canada ($24M) constituted the largest durum wheat suppliers to Spain, together accounting for 47% of total imports. Italy, Kazakhstan, Lithuania, Bulgaria, Germany, Portugal, Russia, Greece, the United States and Latvia lagged somewhat behind, together comprising a further 46%.

Kazakhstan, with a CAGR of +47,244.0%, 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

In 2023, the durum wheat price amounted to $387 per ton (CIF, Spain), waning by -7.7% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 29% against the previous year. Over the period under review, average import prices attained the maximum at $419 per ton in 2022, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($482 per ton), while the price for Germany ($258 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the durum wheat market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 15 - Wheat

Country coverage:

Spain

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Spain
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023

Spain - Durum Wheat - Market Analysis, Forecast, Size, Trends and Insights

Spain's Import of Durum Wheat Reaches Record High of $298M in 2023

Spain Durum Wheat Imports

Imports by Country

Import Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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