Why do we have agricultural investments in Spain?
Significant Agricultural Contributor
The Spanish agri-food sector, which generates more than €139 billion in revenue (2.7% of GDP) and employs almost 450,000 people, is the major manufacturing sector in the nation. Regarding agri-food production, Spain ranks tenth in the world and fourth in Europe. The Spanish agricultural industry enjoys an excellent international reputation because of the high caliber of its goods and the wide variety it offers. Spain has a long history of being a significant producer of almonds and has grown a sizable manufacturing sector for almond-related goods. In Spain, 33% of the land is used for farming, and 16% is used for meadows or pastures. The agri-food industry is one of the most dynamic areas of the Spanish economy.
Favourable Growing Conditions
Due to the nation’s unique climatic and genetic resources, the sophisticated plant and animal health protection systems in Spain, and the advanced technological development of Spanish crop and livestock farms, Spain’s agricultural output is diverse and of excellent quality.
Spain has the EU’s second-largest amount of arable land, producing various agricultural products. Spain is a European organic farming pioneer due to its access to high-quality natural resources.
Strategically Position
Spain offers unrestricted access to the European market, with the most significant purchasing power worldwide and more than 500 million consumers. The country has a world-class, unrivaled infrastructure and logistical network that is highly competitive: 50 airports, 46 ports, and more than 17,000 km of highways.
Spain has the EU’s second-largest amount of arable land, producing various agricultural products. Spain is a European organic farming pioneer due to its access to high-quality natural resources.
Increasing Market Trend
- Spain's agri-food exports in 2021 were valued at 60,118 million euros, an increase of 11% from 2020.
- The trade balance exceeded its cap, valued at 18,949 million euros, an increase of 0.8% from 2020.
- Fruit was the first significant export subsector in 2021, with sales of 10,162 million euros, a 5% rise.
- Spanish food exports to the EU in 2021 increased by 11% and were valued at 37,915 million.
- Particularly notable are the gains in sales to France (8.9%), Germany (10%), and Italy (16.2%).
- Sales to other countries climbed by 10.2%
- The value in the United States reached 2,495 million euros, a significant rise of 19.7%.
- The UK spent 4,345 million euros, displaying a 2.2% rise.
Open for Foreign Investment
In pre-pandemic times, the Spanish economy has consistently outperformed its European competitors over the last five years. Spain is one of the nations in the world with the least restrictive laws for foreign investment.
Spain encourages international investment by adopting the Golden Visa program, which allows non-nationals who invest in a business in Spain to acquire a visa. Citizens of non-EU nations can benefit from the Golden Visa immigration program regarding citizenship, residency, business establishment, and employment in Spain. Additionally, it provides options for health, travel, and education in European Union nations.
Key Advantages
- Spain is the agricultural capital of Europe
- 4th largest agricultural producer in Europe
- Spain is ideally positioned for exports across Europe
- Strong global economic ties
