Key regions: United States, Brazil, Germany, Italy, Spain
Spain, known for its cultural heritage and tourism, also has a thriving agriculture market.
Customer preferences: The Spanish agriculture market is primarily export-oriented. The top exports include olive oil, wine, and fresh fruits and vegetables. The domestic market also has a high demand for these products, especially during the summer months. Spanish consumers prefer fresh and locally sourced produce, which has led to an increase in small-scale farming and farmers' markets.
Trends in the market: In recent years, the Spanish agriculture market has been focusing on sustainable and organic farming practices. There has been a push towards reducing the use of pesticides and chemicals in farming, which has led to an increase in demand for organic produce. Additionally, there has been a trend towards vertical farming and greenhouse farming, which allows for year-round production and higher yields.
Local special circumstances: Spain has a diverse climate, with different regions specializing in different crops. For example, the Mediterranean coast is known for its citrus fruits and olive oil, while the northwest regions are known for their dairy products and meat. The Canary Islands have a unique climate that allows for the production of tropical fruits such as bananas and pineapples.
Underlying macroeconomic factors: Spain's membership in the European Union has allowed for easier access to international markets. The EU provides subsidies for farmers, which has helped to support the agriculture industry in Spain. Additionally, Spain's tourism industry has helped to drive demand for locally sourced and high-quality produce. The agriculture industry also provides employment opportunities in rural areas, which helps to support local economies.
Data coverage:
The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
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