The wheat or meslin flour market in Spain experienced fluctuations from 2013 to 2023, starting at 3.0021 billion kilograms in 2013 and reaching 3.5794 billion kilograms in 2023. Year-on-year variations show an overall increase, with notable growth in 2015 (3.73%), 2016 (4.37%), and 2019 (7.14%), countered by dips in 2014 (-0.39%) and 2020 (-3.71%). The Compound Annual Growth Rate (CAGR) has generally remained positive, although it slowed down in recent years, reaching 1.4% in 2023.
From 2024 to 2028, the market is forecasted to continue its upward trend, with a projected CAGR of 0.72% and overall growth of 3.65% over five years. This suggests a stable albeit slower market expansion. Future trends to watch for include potential impacts from sustainable agricultural practices, advancements in flour processing technologies, and shifts in consumer preferences towards specialized and organic flours.
