On April 22 Fernando Burgaz, MAGRAMA's Food Industry General Director, Mauricio Garcia de Quevedo, FIAB General Director, and Agustín Velilla, MINECO's International Trade in Agri-food products Deputy Director General, presented the document defining the territories with more strategic value for the food and beverage industry of Spain.
The selection criteria were established based on several groups of variables, such as population and the potential GDP of each of the markets, export trends, the value and volume ratio of the exported product, Spain's position in relation to the other countries of the European Union, or the distribution structure and existing trade barriers in each of the territories analysed.
China and Hong Kong, along with Southeast Asia, USA, UK and Japan top a list of twenty countries shortlisted by the Spanish Food and Drink Industry Federation (FIAB), based on their potential and strategic interest.
Asia, the main objective
China and Hong Kong stand as the primary target for Spanish exports in the food and beverage industry thanks to the strength and steady growth experienced by this Asian market. In fact, China alone is the third destination of Spanish exports and has one of the highest medium and long term growth rates. Specifically, in the last five years, exports to China, including Hong Kong, grew by 23%. Overall figures show that our industry exports €486 M a year to China, the meat sector —especially pork— being the strongest one, worth €141 M, representing 35% of total exports.
Wednesday, April 22, 2015 / FIAB / Spain.