Egg Product Market in Spain
Market Overview
The Spanish egg product market fell to $
in , which is down 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 continues to indicate a relatively flat trend pattern. Egg product consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
In value terms, egg product production dropped to $ in estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in when the production volume increased by %. Egg product production peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
in , which is down 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 continues to indicate a relatively flat trend pattern. Egg product consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.In value terms, egg product production dropped to $
in estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in when the production volume increased by %. Egg product production peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.Consumption
In , consumption of egg products was finally on the rise to reach tons for the first time since 2019, thus ending a two-year declining trend. Overall, the total consumption indicated a modest increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Over the period under review, consumption hit record highs at tons in 2019; however, from to , consumption stood at a somewhat lower figure.
The value of the egg product market in Spain declined to $ in , falling 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 showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $ in 2018; however, from 2019 to , consumption failed to regain momentum.
, consumption of egg products was finally on the rise to reach tons for the first time since 2019, thus ending a two-year declining trend. Overall, the total consumption indicated a modest increase from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Over the period under review, consumption hit record highs at tons in 2019; however, from to , consumption stood at a somewhat lower figure.The value of the egg product market in Spain declined to $
in , falling 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 showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $ in 2018; however, from 2019 to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for egg products in Spain, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, 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 .
% 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
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.Trade Balance
Spain remains a net exporter of egg product; in physical and value terms, exports consistently exceeded imports from 2007 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.
. 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.
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