From 2013 to 2023, Spain's import of dried prunes grew from $17.867 million to $22.809 million, showing significant fluctuations. The initial period saw high growth rates, with 2013 and 2014 marking 40.23% and 47.61% increases respectively. This was followed by a fluctuating trend, including a notable decline in 2016 (-14.57%) and another smaller drop in 2018 (-7.06%). From 2019 to 2023, the market stabilized with modest year-on-year growth between 1.52% to 5.39%. The 5-year CAGR up to 2023 stood at 2.35%.
Looking ahead, the import of dried prunes to Spain from 2024 to 2028 is forecasted to grow at an average annual rate (CAGR) of 1.08%, reaching $24.418 million in 2028. Watch for:
- Potential market disruptions that could affect agricultural output and global trade.
- Changes in consumer preferences towards healthier snacks and their impact on dried prune demand.
- Emerging competitive players in the international market that could influence import dynamics.
