Spain: Food Processing Ingredients

In 2022, Spain imported $2.1 billion worth of agricultural, seafood and forest products from the United States, up 27 percent compared to the previous year. After high rates of consumer price inflation in 2022, the latest European Union economic forecast shows Spain’s economic growth forecast at 1.4 percent in 2023 and 2.0 percent in 2024. Despite the economic and political uncertainties, Spain’s food and beverage sector continues to show a positive performance. With one of the most competitive food processing industries in Europe, Spain’s demand for ingredients continues to increase, as well as demand for distilled spirits, beef and beef products, seafood, pulses, and tree nuts.