Key Market Indicators
Spanish wheat consumption is projected to remain at 4.58 million metric tons by 2026, the same as it was in 2021. This is despite a downward trend of 0.3% since 2017. In 2021, Nigeria surpassed Spain as the top consumer of wheat with 4.58 million metric tons, while Spain was 20th. India, the United States and Pakistan took the second, third, and fourth spots, respectively. Meanwhile, Spanish wheat production is expected to reach 6.54 million metric tons by 2026, a 0.1% year-on-year CAGR growth since 1966. In 2021, Italy overtook Spain for the top producer of wheat, with 6.56 million metric tons, while Spain was 20th. India, Russia, and the United States took the second, third, and fourth spots, respectively.
