Updated Feb 7, 2023 22:30

Birds Egg Market in Spain

Market Overview
The Spanish birds egg market rose markedly to $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2015 to , the growth of the market remained at a somewhat lower figure.

In value terms, birds egg production rose modestly to $ in estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by %. As a result, production attained the peak level of $. From 2015 to , production growth remained at a lower figure.


Consumption
In , the amount of birds eggs consumed in Spain rose to tons, picking up by % against the year before. The total consumption volume increased at an average annual rate of +% over the period from 2012 to ; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Birds egg consumption peaked in and is likely to see gradual growth in the immediate term.

The revenue of the birds egg market in Spain expanded markedly to $ in , surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2015 to , the growth of the market remained at a somewhat lower figure.


Consumption by Type
Chicken eggs ( tons) constituted the product with the largest volume of consumption, accounting for % of total volume. Moreover, chicken eggs exceeded the figures recorded for the second-largest type, eggs, excluding hen eggs ( tons), more than tenfold.

From 2012 to , the average annual growth rate of the volume of chicken eggs consumptions stood at +%.

In value terms, chicken eggs ($) led the market, alone. The second position in the ranking was taken by eggs, excluding hen eggs ($).

From 2012 to , the average annual growth rate of the value of chicken eggs markets was relatively modest.


Market Forecast
Driven by increasing demand for birds eggs in Spain, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of birds egg in Spain were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for birds egg.


Trade Balance
Spain remains a net exporter of birds egg; in physical and value terms, exports consistently exceeded imports from 2012 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.