Spain Food & Drink Report Q1 2015 - New Market Study Published

From: Fast Market Research, Inc.
Published: Mon Dec 22 2014

In line with the slight recovery in the economy, total food consumption (food and drinks, excluding alcoholic drinks) in Spain increased by an estimated 1.9% year-on-year (y-o-y) in 2014. Nonetheless, economic situation will remain subdued over the next several years due to structural issues in the labour market and ailing demand in the wider EU. Consequently, we see little optimism for Spain's food and drink market, which is expected to register only modest growth over our forecast period to 2018.

Headline Industry Data (local currency)

* Food consumption growth year-on-year (y-o-y) in 2014: +1.9%; compound annual growth rate (CAGR) 2013-2018: +2.3%;
* Per capita food consumption growth (y-o-y) in 2014: +1.6%; CAGR 2013-2018: +2.0%;
* Soft drinks value sales growth (y-o-y) in 2014: +0.4%; CAGR 2013-2018: +1.9%;
* Alcoholic drinks value sales growth (y-o-y) in 2014: +0.3%; CAGR 2013-2018: +0.4%;
* Total mass grocery retail (MGR) value sales growth (y-o-y) in 2014: +1.8%; compound annual growth rate (CAGR) 2013-2018: +2.5%.

Full Report Details at

Key Company Trends & Developments

Russia Ban Hits Vegetable Exports: Spain's fresh produce exports declined by 8% y-o-y in volume terms in September 2014 to 510,698 tonnes. Value exports fell 4.6% y-o-y to EUR442.9mn (USD555.44mn), according to Spanish fresh produce association Fepex. The association attributed the decline to the ongoing Russian ban and the growth of domestic production in the EU. Vegetable exports decreased by 23% y-o-y in volume to 151,889 tonnes and 21% in value to EUR117mn (USD146.70mn) in September. However, fruit exports stayed level in volume at 364,809 tonnes, with value increasing 2.8% to EUR325.8mn (USD408.64mn).

Spain Loses Dispute Over Citrus Labelling: In November 2014, the European Court of Justice rejected an appeal by Spain over the labelling of citrus fruits. Spain is resisting European Commission (EC) rules which make it compulsory to label citrus fruits with information on any...

The Spain Food & Drink Report features Business Monitor International (BMI)'s market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's Spain Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Spain.

Key Benefits

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