IndexBox has just published a new report: ‘Spain – Strawberries – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

Due to the Covid-related restrictions, there was a 2.3% drop in strawberry exports from Spain in 2020. Despite this, Spain keeps its position as an export leader in the global strawberry market. Most Spanish strawberries are marketed in Germany, the UK, France, and other European countries.

Exports from Spain

Strawberry exports from Spain declined to 287K tonnes in 2020, which is down by -2.3% against the year before. The total export volume increased at an average annual rate of +2.5% over the period from 2007 to 2020. Spain comprises near 33% of the global strawberry exports in physical terms.

In value terms, strawberry exports stood at $671M in 2020. The total export value increased at an average annual rate of +2.7% from 2007 to 2020. The most prominent rate of growth was recorded in 2008 when exports increased by 23% y-o-y. Exports peaked at $704M in 2018; however, from 2019 to 2020, exports failed to regain momentum.

Germany (100K tonnes) was the main destination for strawberry exports from Spain, with a 35% share of total exports. Moreover, strawberry exports to Germany exceeded the volume sent to the second major destination, the UK (41K tonnes), twofold. The third position in this ranking was occupied by France (40K tonnes), with a 14% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Germany totaled +4.8%. Exports to the other major destinations recorded the following average annual rates of export growth: the UK (+5.9% per year) and France (-4.3% per year).

In value terms, the largest markets for strawberry exported from Spain were Germany ($220M), the UK ($116M) and France ($82M), with a combined 62% share of total exports. Italy, the Netherlands, Portugal, Poland and Belgium lagged somewhat behind, together accounting for a further 23%.

The average strawberry export price stood at $2,339 per tonne in 2020 (IndexBox estimates), growing by 3% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by 17% y-o-y. The export price peaked at $2,678 per tonne in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2020, the countries with the highest prices were the UK ($2,859 per tonne) and Poland ($2,507 per tonne), while the average price for exports to Italy ($2,005 per tonne) and Belgium ($2,028 per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Poland, while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Platform