Prepared or preserved groundnuts market in Spain

Earlier Report Observations

Between 2018 and 2021, the market volume for prepared or preserved groundnuts in Spain showed significant fluctuations. Initial growth from 30 917 tons in 2018 to 32 226 tons in 2019 was supported by PepsiCo's introduction of peanut varieties with shorter cultivation cycles to boost production and a concurrent expansion of the Spanish prepared meals market, which increased demand for ingredients like peanuts. The market contracted sharply to 24 878 tons in 2020 as the COVID-19 pandemic disrupted the food service sector and caused a decline in the broader prepared meals market, outweighing a reported surge in snack nut consumption during lockdowns. A partial recovery to 28 520 tons occurred in 2021, fueled by the resumption of growth in the prepared meals sector and sustained consumer interest in convenient and healthy snack options, including nuts.

From 2022 onward, while complete market size data is unavailable, trade figures and industry developments indicate ongoing activity. Import volumes rose steadily from 10 296 tons in 2022 to 11 116 tons in 2024, and exports grew from 2 883 tons to 3 947 tons over the same period. This period saw PepsiCo conclude its Euronuts project aimed at consolidating European peanut supply, though cultivation in the key region of Extremadura faced technical challenges. The broader prepared meals sector in Spain continued its strong growth trajectory, with refrigerated and frozen segments expanding significantly, which likely sustained demand for processed peanuts as an ingredient. Furthermore, the Spanish peanut butter market gained momentum, driven by health consciousness and demand for convenient foods.

Production prepared or preserved groundnuts in Spain

In value, 2017-2020, K $ US

After two consecutive years of growth, Spain's production of prepared or preserved groundnuts experienced a decline. In 2019, output reached its peak at 83 075 thousand US dollars, but by 2020 it had fallen to 48 705 thousand US dollars, marking a year-on-year decrease of 41.4%. Over the 2017-2020 period, production dropped by 18%, with an average annual decline of 6.4%. The most significant increase occurred in 2018, when production rose by 35.3%.

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

In kind, 2017-2020, t

Between 2017 and 2020, Spain ranked as the world's 9th largest producer of prepared or preserved groundnuts by volume.

Top producers of prepared or preserved groundnuts, 2017-2020

World map of production of prepared or preserved groundnuts, 2017-2020

Following two years of growth, Spain's production volume of prepared or preserved groundnuts decreased. In 2019, production peaked at 27 731 tonnes, but in 2020 it fell to 20 158 tonnes, representing a 27.3% decline compared to the previous year. Over the 2017-2020 period, production volume decreased by 13.1%, with an average annual reduction of 4.6%. The largest increase was recorded in 2018, when production grew by 12.9%.

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

Exports prepared or preserved groundnuts from Spain

Exports in kind, t

Spain's exports of prepared or preserved groundnuts increased for the second consecutive year. In 2018, exports reached their lowest point at 1 519 tonnes, but by 2020 they had risen to 2 621 tonnes, showing a sharp increase of 44.6% compared to the previous year. Over the 2017-2020 period, exports grew by 43%, with an average annual growth rate of 12.7%. The most significant decline occurred in 2018, when exports fell by 17.1%.

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

From 2017 to 2020, France, Portugal, and Morocco were the primary destinations for Spain's prepared or preserved groundnut exports by volume. France accounted for 38.0% of exports, Portugal for 23.0%, and Morocco for 5.7%. Together, these three countries represented 66.7% of Spain's 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

Spain's export value of prepared or preserved groundnuts increased for the second year in a row. In 2018, exports hit their lowest point at 4 872 thousand US dollars, but by 2020 they had climbed to 7 882 thousand US dollars, representing a 38.7% increase compared to the previous year. Between 2017 and 2020, export value grew by 59.8%, equivalent to an average annual growth rate of 16.9%. The largest decline occurred in 2018, when exports decreased by 1.2%.

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

During the 2017-2020 period, France, Portugal, and Italy were the main markets for Spain's prepared or preserved groundnut exports by value. France accounted for 34.0% of export value, Portugal for 25.4%, and Italy for 4.6%. Collectively, these three countries represented 64.0% of Spain's total export value.

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

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

Imports prepared or preserved groundnuts to Spain

Imports in kind, t

Spain's import volume of prepared or preserved groundnuts increased for the second consecutive year. In 2018, imports reached their lowest point at 6 237 tonnes, but by 2020 they had risen to approximately 7 341 tonnes, showing a strong increase of 16.4% compared to the previous year. Over the 2017-2020 period, import volume grew by 17%, with an average annual growth rate of 5.4%. The largest decline occurred in 2018, when imports fell by 0.6%.

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

From 2017 to 2020, the Netherlands, Germany, and Portugal were the main sources of Spain's prepared or preserved groundnut imports by volume. The Netherlands accounted for 33.3% of imports, Germany for 18.9%, and Portugal for 13.6%. Together, these three countries represented 65.8% of Spain's total import volume.

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

After two years of decline, Spain's import value of prepared or preserved groundnuts increased. In 2019, imports reached their lowest point at 17 870 thousand US dollars, but by 2020 they had risen to 21 337 thousand US dollars, representing a significant increase of 19.4% compared to the previous year. Over the 2017-2020 period, import value grew by 5.5%, with an average annual growth rate of 1.8%. The largest decline occurred in 2018, when imports fell by 7.9%.

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

During the 2017-2020 period, the Netherlands, Germany, and Poland consistently held leading positions as sources of Spain's prepared or preserved groundnut imports by value. The Netherlands accounted for 27.9% of import value, Germany for 17.6%, and Poland for 13.4%. Collectively, these three countries represented 58.9% of Spain's total import value.

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

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