Spain: Food Processing Ingredients

In 2021, Spain imported $1.7 billion worth of agricultural, seafood, and forest products from the United States. The year 2021 ended with a robust economic growth rate and good employment figures. Adversely, 2022 began with economic uncertainties brought by the impact of the Omicron wave, although some experts expect the economy to grow faster again from the second quarter onwards. According to the latest European Union economic forecast, Spain’s economic growth is forecast at 5.6 percent in 2022 and 4.4 percent in 2023. Having one of the most competitive food processing industries in Europe, Spain’s demand for ingredients continues to increase, such as tree nuts, distilled spirits, pulses, and food preparations. The post-pandemic environment may also offer new opportunities for ingredients.