Spanish food industry prioritizes USA and China despite trade tensions
USA, China and Hong Kong, Japan, UK and Canada have been identified as the five priority markets for the Spanish food and beverage sector for the coming years.
This is one of the conclusions of a report prepared by the sectorial organization FIAB, analysis which has allow to identify the main markets of interest for the Spanish sector’s exports.
In 2017, Spanish food and beverage exports registered a growth of 9% compared to the previous year, reaching €30 billion. Looking at its evolution since 2000, they have multiplied by three, “a spectacular result”, according to FIAB general director.
The US consolidated its position as the first non-EU country for Spanish exports in 2017. Food and beverage sales reached €1.7 billion (+2%), being olive oil, wine, fish, canned vegetable and dairy products the main products exported.
Its second priority market is China and Hong Kong, with sales of €1.32 billion in 2017 (+23%). The main exported products were wine, olive oil, fish and beer.
Japan rises to the third position in this classification, with exports worth €819 million. Pork products (especially Iberian pork), with more than 50% of total exports, outstands, followed by olive oil and wine.
The UK is the forth country of Spanish exports’ destination, with sales reaching €1.95 billion, consisting of wine, canned vegetables, olive oil, pork products and bakery products.
Canada closes the group of the five most important priority markets. In 2017, Spanish exports reached €230 million (+18%). By products, wine stands out (more than 40% of total exports), followed by pork products, table olives, bakery products and canned vegetables.
Source: Cinco Días