required report public distribution date 10 26 2004 gain number sp4025 sp0000 spain food processing ingredients sector industry approved by stephen hammond us embassy prepared magdalena escudero highlights s will continue to be one of the largest most dynamic in european union and a very substantial importer fas madrid forecasts that production value reach 68 billion euros 2005 up from 62 1 calendar year cy 2003 during spanish consumers likely spend 80 on 69 4 we expect continued yearly increases demand for ready eat products seafood etc through me50sh5 includes psd changes no trade matrix annual sp1 sp table contents i market summary 3 ii road map entry strategy 6 b structure main sectors 8 meat & dairy fats oils 9 canned fruits vegetables wine beer alcoholic beverages water non c company profiles