This is a best prospect industry sector for Spain, including a market overview and trade data.
Last Published: 6/24/2019

Overview

Spain2016201720182019*
Total Market Size7,634,3796,148,9338,497,9478,150,000
Total Local Production5,040,5493,295,5665,210,5604,800,000
Total Exports412,390425,864494,703450,000
Total Imports3,006,2203,279,2313,782,0903,800,000
Imports from the U.S.46,82556,469346,842100,000
Average Exchange Rate: 1.10691.12971.18101.14

*Estimate
$US thousands Total Market Size = (Total Local Production + Total Imports) – (Total Exports)
Data Sources:
Total Local Production: FAS Madrid estimates
Total Exports: Global Trade Atlas (GTA)
Total Imports: Global Trade Atlas (GTA)
Imports from U.S.: Global Trade Atlas (GTA)
Data corresponds to HS Code 10 (Cereals).

Opportunities

Depending on the size of the domestic grain crop and feed demand, Spain has an annual grain deficit of between 10 and 19 million metric tons.  In 2018, Spain produced over 23 million metric tons of feed, which boosted import needs.  The dynamic Spanish export-oriented livestock sector ensures a strong feed ingredients demand.  Bulk commodity trading companies based in Spain are the main gateway to the Spanish feed and food grains market. 

As far as food grains are concerned, U.S. exports of wheat to Spain are losing competitiveness against other origins, on average, U.S. wheat exports to Spain amount to nearly 75,000 MT every year. Wheat imports from the United States consist mainly in food grade soft wheat. In contrast to other EU countries, Spain is a net exporter of durum wheat so durum imports are negligible.

Spain’s total corn imports continue to grow steadily due to increased competitiveness of corn compared to other feed grains. In 2018, despite the limits imposed by the asynchronous approval of biotech events in the EU, the United States managed to export significant volumes of corn to Spain (1.1 million MT).

Web Resources
Ministry of Agriculture, Fisheries and Food  
FAS USEU Mission
FAS GAIN Attaché Reports
FAS Madrid Contact: AgMadrid@fas.usda.gov

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