Price for Food Preparations Not Elsewhere Specified or Included in Italy - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Italy (FOB) - 2023
- Price for Food Preparations Not Elsewhere Specified or Included in Italy (CIF) - 2022
- Exports of Food Preparations Not Elsewhere Specified or Included in Italy
- Imports of Food Preparations Not Elsewhere Specified or Included in Italy
Price for Food Preparations Not Elsewhere Specified or Included in Italy (FOB) - 2023
In November 2023, the average export price for food preparations not elsewhere specified or included amounted to $6,558 per ton, dropping by -12.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 14% m-o-m. Over the period under review, the average export prices hit record highs at $7,899 per ton in June 2023; however, from July 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was the UK ($10,755 per ton), while the average price for exports to Israel ($3,377 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Italy (CIF) - 2022
The average import price for food preparations not elsewhere specified or included stood at $5,277 per ton in 2022, shrinking by -13.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 10% against the previous year. As a result, import price reached the peak level of $6,095 per ton, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($8,810 per ton), while the price for Croatia ($2,740 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Food Preparations Not Elsewhere Specified or Included in Italy
In 2022, exports of food preparations not elsewhere specified or included from Italy reduced modestly to 332K tons, almost unchanged from 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 12%. As a result, the exports attained the peak of 336K tons, and then dropped slightly in the following year.
In value terms, exports of food preparations not elsewhere specified or included totaled $1.8B in 2022. The total export value increased at an average annual rate of +8.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 21% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Food Preparations Not Elsewhere Specified or Included in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 94.6 | 129 | 165 | 197 | 27.7% |
| Spain | 107 | 100 | 125 | 147 | 11.2% |
| Germany | 126 | 113 | 132 | 144 | 4.6% |
| France | 125 | 134 | 141 | 142 | 4.3% |
| Netherlands | 87.4 | 91.5 | 110 | 95.9 | 3.1% |
| Poland | 44.2 | 35.0 | 43.4 | 56.9 | 8.8% |
| Turkey | 33.8 | 29.0 | 34.9 | 49.2 | 13.3% |
| Romania | 41.3 | 39.4 | 46.2 | 46.3 | 3.9% |
| Greece | 33.7 | 29.6 | 37.1 | 41.3 | 7.0% |
| Saudi Arabia | 17.1 | 25.8 | 34.0 | 38.6 | 31.2% |
| Croatia | 24.1 | 19.8 | 24.9 | 25.9 | 2.4% |
| Hungary | 40.6 | 25.0 | 27.7 | 22.6 | -17.7% |
| Israel | 11.3 | 10.2 | 15.8 | 17.4 | 15.5% |
| Others | 651 | 631 | 779 | 817 | 7.9% |
| Total | 1,436 | 1,412 | 1,715 | 1,840 | 8.6% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Italy in 2022:
- Spain (24.1K tons)
- United States (22.5K tons)
- Germany (21.2K tons)
- France (20.7K tons)
- Turkey (17.4K tons)
- Romania (14.4K tons)
- Greece (11.5K tons)
- Netherlands (10.8K tons)
- Poland (10.7K tons)
- Saudi Arabia (7.8K tons)
- Croatia (7.5K tons)
- Israel (6.1K tons)
- Hungary (5.7K tons)
Imports of Food Preparations Not Elsewhere Specified or Included in Italy
For the fourth consecutive year, Italy recorded growth in purchases abroad of food preparations not elsewhere specified or included, which increased by 16% to 179K tons in 2022. The total import volume increased at an average annual rate of +12.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of food preparations not elsewhere specified or included totaled $947M in 2022. The total import value increased at an average annual rate of +8.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 22% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Food Preparations Not Elsewhere Specified or Included in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 173 | 171 | 215 | 192 | 3.5% |
| Netherlands | 119 | 139 | 177 | 176 | 13.9% |
| France | 98.5 | 89.2 | 112 | 110 | 3.7% |
| Belgium | 48.7 | 48.0 | 66.9 | 73.4 | 14.7% |
| Poland | 35.9 | 48.9 | 58.6 | 56.8 | 16.5% |
| Spain | 37.1 | 32.0 | 48.0 | 50.0 | 10.5% |
| Austria | 26.2 | 28.5 | 37.3 | 35.7 | 10.9% |
| China | 6.5 | 12.6 | 15.9 | 35.1 | 75.4% |
| Hungary | 20.1 | 25.6 | 27.3 | 28.6 | 12.5% |
| Czech Republic | 13.5 | 25.8 | 19.5 | 13.9 | 1.0% |
| Slovenia | 10.8 | 9.8 | 10.1 | 12.5 | 5.0% |
| United Kingdom | 34.3 | 24.4 | 15.4 | 11.3 | -30.9% |
| Croatia | 4.1 | 4.4 | 7.5 | 10.5 | 36.8% |
| Others | 114 | 117 | 136 | 141 | 7.3% |
| Total | 741 | 776 | 947 | 947 | 8.5% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Italy in 2022:
- Netherlands (34.2K tons)
- Germany (30.1K tons)
- France (19.3K tons)
- Belgium (15.3K tons)
- Poland (11.2K tons)
- Austria (11.2K tons)
- China (10.0K tons)
- Spain (8.0K tons)
- Croatia (3.8K tons)
- Czech Republic (3.6K tons)
- Slovenia (3.5K tons)
- Hungary (3.3K tons)
- United Kingdom (1.3K tons)
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