Spain Agribusiness Report Q1 2015: New research report available at Fast Market Research

From: Fast Market Research, Inc.
Published: Wed Jan 28 2015

The importance of pork in local diets and still strong pork exports should continue to provide support for pork production and consumption growth. We forecast pork production to rise by 11.2% to 3.8mn tonnes over our forecasted period from 2012/13 out to 2017/ 2018. Meanwhile, a sharp drop in yields for wheat and barley, and a fall in corn acreage due to irrigation concerns bode poorly for grain producers going forward . The dairy sub-sector is adapting to a new legislative framework under the EU's milk package , which could lead to greater stability, although the potentially most transformative policy - collective bargaining - has not yet been widely adopted in Spain.

Key Forecasts

* Wheat production growth to 2017/18: 35.8% to 7.0mn tonnes. Wheat production will be sustained by steady price rises, although base effects account for the majority of this growth.
* Poultry consumption growth to 2018: 4.2% to 1.3mn tonnes. Cash-strapped consumers will favour this relatively cheap livestock commodity.
* Cheese production growth to 2018: 7.6% to 341,000 tonnes. Growth in demand for Spanish cheese at home and abroad will support steady increases in production.
* 2015 real GDP growth, % y-o-y: 1.6%. Up from an estimated 1.3% in 2014 and forecast to grow by an average 1.6% between 2015 and 2019.
* 2014 consumer price index: 0.3% average (down from 1.5% in 2013).
* BMI Universe Agribusiness Market Value: USD15.49bn in 2014, 7.0% year-on-year (y-o-y) growth. Forecast to decline by around 0.3% between 2014 and 2018.

Full Report Details at

Industry Developments

Spanish pork producers are expected to feel relatively little effect from Russian sanctions compared to other EU producers, especially Denmark and Germany. Russia had already banned Spanish pork products from May 2013, meaning that Spanish producers have had a head start on their EU counterparts in diversifying trade, with East Asia in...

The Spain Agribusiness Report features Business Monitor International (BMI)'s market assessment and independent forecasts for production, consumption and trade across core agricultural commodities.

BMI's Spain Agribusiness Report includes independent commodity price forecasting and analysis for key agricultural outputs, an overview of the agribusiness competitive landscape and a discussion of the downstream context of agricultural production in relation to country food consumption forecasts and composite food and beverage trade forecasts.

Key Benefits

* Use BMI's independent industry forecasts to test other views - a key input for successful planning in dynamic agribusiness markets.
* Apply BMI's medium-term commodity price analysis to assist with budgetary planning and the identification of investment opportunities and potential risks.
* Assess the activities and market position of your competitors, partners and clients.


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