Canned Vegetable Market in Spain
Market Overview
The Spanish canned vegetable market shrank sharply to $
in , dropping 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 recorded a abrupt downturn. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
In value terms, canned vegetable production stood at $ in estimated in export price. In general, production, however, saw a perceptible decrease. The pace of growth appeared the most rapid in with an increase of %. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to , production failed to regain momentum.
in , dropping 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 recorded a abrupt downturn. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.In value terms, canned vegetable production stood at $
in estimated in export price. In general, production, however, saw a perceptible decrease. The pace of growth appeared the most rapid in with an increase of %. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to , production failed to regain momentum.Consumption
In , consumption of canned vegetables in Spain declined remarkably to tons, with a decrease of -% against the year before. In general, consumption showed a abrupt slump. Canned vegetable consumption peaked at tons in 2007; however, from 2008 to , consumption failed to regain momentum.
The revenue of the canned vegetable market in Spain reduced notably to $ in , waning 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). Overall, consumption showed a deep reduction. Over the period under review, the market attained the peak level at $ in 2007; however, from 2008 to , consumption failed to regain momentum.
, consumption of canned vegetables in Spain declined remarkably to tons, with a decrease of -% against the year before. In general, consumption showed a abrupt slump. Canned vegetable consumption peaked at tons in 2007; however, from 2008 to , consumption failed to regain momentum.The revenue of the canned vegetable market in Spain reduced notably to $
in , waning 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). Overall, consumption showed a deep reduction. Over the period under review, the market attained the peak level at $ in 2007; however, from 2008 to , consumption failed to regain momentum.Market Forecast
Depressed by shrinking demand for canned vegetable in Spain, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract 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 depress the market volume to tons by the end of .In value terms, the market is forecast to contract 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
Driven by a growing demand, the share of imports in total supply in Spain increased significantly over the last fifteen years (from % to %). Canned vegetable market in Spain consists almost entirely of imported products.
% to %). Canned vegetable market in Spain consists almost entirely of imported products.Trade Balance
Spain remains a net exporter of canned vegetable; 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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