The demand for nuts in Spain has shown a steady increase from 287.0 thousand metric tons in 2014 to 456.0 thousand metric tons in 2023. Over the past decade, significant year-to-year variations were observed with a notable decline in 2015 but strong recovery by 2016. The more recent data indicates a consistent, albeit modest, average annual growth rate (CAGR) of 1.66% over the last five years, reflecting stabilized growth compared to the more volatile earlier period.
Looking into the future, from 2024 onwards, the demand is expected to continue its upward trajectory, with forecasts predicting a growth of up to 504.0 thousand metric tons by 2028. This represents a projected five-year CAGR of 1.58% and an overall growth rate of 8.15% during the same period.
Future trends to watch for include:
- Increasing health consciousness driving demand for nuts as healthy snacks.
- Potential market fluctuations due to changes in agricultural output and import policies.
- Impact of sustainability concerns and organic product trends among consumers.
