The import of citrus fruit to Spain has shown a varied trend over the past decade. From 2013 to 2017, there were significant fluctuations, with notable increases in 2016 and 2018. Despite some declines in 2017 and 2019, the period from 2018 to 2023 saw relatively steady growth, exhibiting an average year-on-year increase of around 3-4% in recent years. In 2023, imports stood at $369.36 million USD, having grown consistently since 2018.
The Compound Annual Growth Rate (CAGR) over the last 5 years from 2018 to 2023 is approximately 2.51%, while the forecast CAGR from 2024 to 2028 is slightly lower at 2.21%, predicting continuing but modest growth in the upcoming years, with an anticipated growth rate of 11.54% over this period.
Future Trends to Watch For:
Future trends to monitor include:
- Potential impacts of climate change on citrus production globally, affecting supply chains.
- Shifts in consumer preferences towards organic and sustainably sourced fruits.
- Economic factors such as trade tariffs, import regulations, and currency exchange rates.
