Soups and broths market in Spain

Earlier Report Observations

The Spanish soups and broths market volume grew from 204.8 thousand tonnes in 2018 to 232.9 thousand tonnes in 2020. This expansion was supported by the strong presence of leading brands like Gallina Blanca and Knorr, alongside the dominance of private labels which accounted for 53% of volume. The liquid soups segment, in particular, saw increased household penetration with value growth near 30% in the cream subsector, contributing to overall market volume growth. During this period, market value in monetary terms declined, likely influenced by competitive pricing from private labels.

After peaking in 2020, market volume experienced a slight contraction to 227.8 thousand tonnes by 2022. The launch of Mercadona's Hacendado brand meat broth with sofrito in early 2022, targeted at both professional chefs and convenience-seeking consumers, represented a significant product innovation. Concurrently, increased focus on the professional channel through suppliers like Supercash and ongoing innovation from Gallina Blanca helped maintain market activity. Consumer confidence in soups and broths as versatile culinary solutions supported a positive sector trend, with liquid soups holding a 50% market share.

In 2023, production of soups, broths and creams in Spain increased by 4.5%, driven by consumer preference for practical, quality options and a decline in home cooking due to time constraints. Consumption remained robust, with 62% of Spanish households consuming these products an average of 2.3 times per week. Mercadona consolidated its Hacendado line as a popular choice during colder months, emphasizing homemade-style recipes. These factors indicate sustained demand for convenient meal solutions in the later years of the period.

Production soups and broths in Spain

In value, 2017-2020, M $ US

In 2020, Spain's output of soups and broths was valued at 320.2 million US dollars, showing no significant change from the previous year. Over the period from 2017 to 2020, production increased by 27.8%, which translates to an annualized growth rate of 8.5%. The largest increase occurred in 2018, at 27.7%, while the largest decline was recorded in 2019, at 0.3%.

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

In kind, 2017-2020, K t

Spain's production volume of soups and broths increased for the third consecutive year. In 2020, the country produced 276.2 thousand tonnes, marking a year-on-year rise of 9.9%. From 2017 to 2020, production grew by 29.2%, equivalent to an annualized rate of 8.9%.

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

Exports soups and broths from Spain

Exports in kind, t

Exported volumes of soups and broths from Spain increased for the second consecutive year. In 2020, exports totaled 64 456 tonnes, up by 18.4% compared to the previous year. The lowest volume was recorded in 2018 at 50 665 tonnes, which also saw the largest decline of 22.5%.

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

Between 2017 and 2020, Spain's exports of soups and broths in kind were not heavily concentrated on a few key markets. Italy accounted for 18.0% of exports, Burkina Faso for 9.3%, and France for 7.5%, with these three countries together making up only 34.8% of total 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, M $ US

Spain's export value of soups and broths increased for the second consecutive year. In 2020, exports reached 147.6 million US dollars, reflecting a sharp rise of 26.5% from the year before. From 2017 to 2020, exports grew by 19.7%, equating to an annualized rate of 6.2%. The lowest value was recorded in 2018 at 101.4 million US dollars, which also experienced the largest decline of 17.7%.

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

Data from 2017 to 2020 show that Spain's exports of soups and broths in value terms were not concentrated on a few key destinations. France accounted for 11.4% of exports, Burkina Faso for 8.5%, and the United Kingdom for 6.7%, with these three countries together comprising only 26.6% of total 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 soups and broths to Spain

Imports in kind, t

In 2020, Spain's imports of soups and broths amounted to 21 171 tonnes, a slight increase of 1.2% from the previous year. Over the period from 2017 to 2020, imports decreased by 7.4%, with a compound annual growth rate of -2.5%. The lowest volume was recorded in 2019 at 20 918 tonnes, while the highest was in 2018 at 23 431 tonnes. The largest decline occurred in 2019 at 10.7%, and the largest increase was in 2018 at 2.5%.

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

From 2017 to 2020, France, Italy, and Portugal remained the top suppliers of soups and broths to Spain in kind. France accounted for 35.9% of imports, Italy for 29.4%, and Portugal for 8.3%, together making up 73.5% of total imports.

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, M $ US

In 2020, Spain's import value of soups and broths was 48.3 million US dollars, representing an increase of 7.5% compared to 2019. Over the period from 2017 to 2020, imports rose by 4.7%, with a compound annual growth rate of 1.5%. The lowest value was recorded in 2019 at 44.9 million US dollars, while the highest was in 2018 at 49.0 million US dollars. The largest decline occurred in 2019 at 8.2%.

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

Between 2017 and 2020, France, Italy, and Belgium were the main suppliers of soups and broths to Spain in value terms. France accounted for 26.1% of imports, Italy for 24.1%, and Belgium for 12.1%, together comprising 62.3% of total imports.

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

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