Spain: Nuts maintain growth trend

In 2016, the nuts and snacks sector maintained the growth trend of the previous seven years, showing…

In 2016, the nuts and snacks sector maintained the growth trend of the previous seven years, showing also a moderate acceleration, all within a context of positive economic development and reinforced by investments in innovation.

Thus, the provisional figure by the end of 2016 stood at 2,190 million Euro, which is 4.3% more than in 2015, according to the Sector Observatory DBK.

By products, the nuts segment maintained the most positive performance, with a market value of 860 million Euro in 2016; a 5.5% growth compared to the previous year. This segment consequently accounts for about 40% of the total sales.

Meanwhile, the snack market recorded a 4.3% growth, reaching 720 million Euro and representing 33% of the total sales.

The foreign trade of nuts has registered a strong dynamism in recent years. In 2015, it recorded growth rates of 40% in the value of exports and of 30% in the case of imports.

Forecasts for the coming years predict that this trend will continue, with increases of between 3-4% per year expected in the 2017-2018 biennium.

In recent years, leading operators have strengthened their position at the expense of smaller companies, leading to a gradual market concentration.

In 2015, the five largest operators combined accounted for 46.2% of the market, about two percentage points more than in 2013. For their part, the top 10 competitors reached a 57.8% share.