Margarine market in Spain

Earlier Report Observations

The Spanish margarine market volume contracted significantly from 56.8 тыс. т in 2018 to 33.8 тыс. т in 2020. This decline was driven by a shift in consumer preference toward butter, as margarine faced perception challenges regarding its fat composition and quality.

After a partial recovery to 51.5 тыс. т in 2021, market volume fell sharply to 19.0 тыс. т by 2023. During these years, consumer demand increasingly focused on margarines made with healthier vegetable oils like olive and rapeseed, with product choices influenced by nutritional labeling such as Nutriscore. The Organization of Consumers and Users (OCU) played a role by evaluating brands and highlighting products with better fat profiles.

In 2024, the market volume grew to 25.9 тыс. т, supported by stable consumer preference for margarines with healthy vegetable oils and the ongoing impact of clean labeling trends.

Production margarine in Spain

In value, 2017-2020, M $ US

Spain's margarine production declined for the second year in a row. In 2020, output was valued at 59.5 million US dollars, marking a sharp 42.3% drop compared to 2019. Over the 2017-2020 period, production fell by 37.1%, with an average annual decline of 14.3%. The peak was in 2018 at 110.4 million US dollars, which also saw the largest increase of 16.7%.

Annual dynamics of production in Spain in value, 2017-2020, M $ US

In kind, 2017-2020, t

Margarine production in Spain decreased for the second consecutive year. In 2020, Spain produced 39 418 tonnes of margarine, reflecting a 38.7% year-over-year reduction. Between 2017 and 2020, production dropped by 32.2%, equivalent to an annualized decline of 12.1%. The highest volume was recorded in 2018 at 64 770 tonnes, which also experienced the largest increase of 11.4%.

Annual dynamics of production in Spain in kind, 2017-2020, t

Exports margarine from Spain

Exports in kind, t

Spain exported 32 401 tonnes of margarine in 2020, down 7.8% from the previous year. Over the 2017-2020 period, exports grew by 6.9%, with an average annual increase of 2.2%. The lowest volume was in 2018 at 29 150 tonnes, while the peak was in 2019 at 35 123 tonnes, which saw the largest rise of 20.5%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, t

From 2017 to 2020, Portugal, France, and Italy were the main markets for Spain's margarine exports by volume. Portugal accounted for 49.9% of exports, France for 8.2%, and Italy for 6.0%, together making up 64.2% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, K $ US

In 2020, Spain's margarine exports reached 37.893 million US dollars, remaining relatively stable compared to 2019. Between 2017 and 2020, exports increased by 8.1%, with an average annual growth of 2.6%. The lowest value was in 2018 at 33.917 million US dollars, which saw the largest decline of 3.3%, while the highest was in 2019 at 37.984 million US dollars, with the largest increase of 12.0%.

Annual dynamics of product's exports from Spain in value, 2017-2020, K $ US

Throughout 2017-2020, Portugal, France, and Belgium were the key partners for Spain's margarine exports by value. Portugal represented 47.2% of exports, France 7.9%, and Belgium 6.2%, collectively accounting for 61.3% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports margarine to Spain

Imports in kind, t

Margarine imports into Spain rose for the third consecutive year. In 2020, imports totaled 26 818 tonnes, showing a 14.6% increase compared to 2019. Over the 2017-2020 period, imports grew by 38.1%, with an average annual growth rate of 11.3%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, t

From 2017 to 2020, Italy, Belgium, and the Netherlands were the three main sources for Spain's margarine imports by volume, together accounting for 67.3% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, K $ US

Margarine imports into Spain increased for the third year in a row. In 2020, imports amounted to 30.562 million US dollars, staying virtually unchanged from the previous year. Between 2017 and 2020, imports rose by 13.2%, equivalent to an annualized increase of 4.2%.

Annual dynamics of product's imports to Spain in value, 2017-2020, K $ US

Throughout 2017-2020, the Netherlands, Belgium, and Italy formed the core group of markets for Spain's margarine imports by value. The Netherlands accounted for 22.9% of imports, Belgium for 19.8%, and Italy for 18.7%, together representing 61.4% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020