Price for Protein; Concentrates and Textured Protein Substances in Italy - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Italy (FOB) - 2024
- Price for Protein; Concentrates and Textured Protein Substances in Italy (CIF) - 2024
- Exports of Protein; Concentrates and Textured Protein Substances in Italy
- Imports of Protein; Concentrates and Textured Protein Substances in Italy
Price for Protein; Concentrates and Textured Protein Substances in Italy (FOB) - 2024
In March 2024, the average export price for protein; concentrates and textured protein substanceses amounted to $10,824 per ton, with a decrease of -55.7% against the previous month. Over the period under review, the export price recorded a pronounced slump. The most prominent rate of growth was recorded in August 2023 an increase of 101% month-to-month. As a result, the export price reached the peak level of $25,300 per ton. From September 2023 to March 2024, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In March 2024, the country with the highest price was Mexico ($53,132 per ton), while the average price for exports to South Korea ($1,658 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Italy (CIF) - 2024
In March 2024, the average import price for protein; concentrates and textured protein substanceses amounted to $2,770 per ton, increasing by 13% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 101% m-o-m. The import price peaked at $6,012 per ton in May 2023; however, from June 2023 to March 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Albania ($12,444 per ton), while the price for India ($1,215 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by France (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Protein; Concentrates and Textured Protein Substances in Italy
In 2022, the amount of protein; concentrates and textured protein substanceses exported from Italy reached 4.6K tons, surging by 7.1% on the previous year's figure. The total export volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of protein; concentrates and textured protein substanceses surged to $49M in 2022. The total export value increased at an average annual rate of +9.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 24%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Protein; Concentrates and Textured Protein Substances in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 3.2 | 3.5 | 4.5 | 10.1 | 46.7% |
| France | 4.2 | 3.7 | 3.7 | 4.8 | 4.6% |
| Germany | 3.1 | 2.3 | 3.8 | 4.6 | 14.1% |
| Netherlands | 2.6 | 2.9 | 4.9 | 3.4 | 9.4% |
| Hong Kong SAR | 0.1 | 0.6 | 0.7 | 2.5 | 192.4% |
| United Kingdom | 0.9 | 0.7 | 1.4 | 1.8 | 26.0% |
| Greece | 1.9 | 1.7 | 1.2 | 1.5 | -7.6% |
| Israel | 1.1 | 1.5 | 2.5 | 1.3 | 5.7% |
| Turkey | 1.6 | 1.5 | 1.2 | 1.2 | -9.1% |
| Romania | 1.2 | 1.0 | 0.5 | 1.0 | -5.9% |
| Austria | 0.9 | 0.6 | 0.8 | 1.0 | 3.6% |
| Denmark | 0.5 | 0.5 | 0.7 | 0.7 | 11.9% |
| Russia | 1.4 | 1.4 | 1.3 | 0.2 | -47.7% |
| Others | 14.8 | 11.0 | 13.7 | 14.4 | -0.9% |
| Total | 37.3 | 32.9 | 40.8 | 48.5 | 9.1% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Italy in 2022:
- Spain (753.5 tons)
- France (512.3 tons)
- Germany (424.1 tons)
- Netherlands (383.0 tons)
- Denmark (284.1 tons)
- United Kingdom (184.3 tons)
- Greece (162.7 tons)
- Israel (160.3 tons)
- Hong Kong SAR (146.1 tons)
- Turkey (141.9 tons)
- Austria (135.4 tons)
- Romania (106.5 tons)
- Russia (21.1 tons)
Imports of Protein; Concentrates and Textured Protein Substances in Italy
In 2022, approx. 12K tons of protein; concentrates and textured protein substanceses were imported into Italy; picking up by 4.5% on the previous year's figure. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +8.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of protein; concentrates and textured protein substanceses amounted to $44M in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 25%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Protein; Concentrates and Textured Protein Substances in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 4.6 | 3.8 | 5.9 | 7.0 | 15.0% |
| Germany | 3.1 | 3.2 | 5.0 | 6.8 | 29.9% |
| Spain | 3.9 | 3.4 | 4.8 | 6.6 | 19.2% |
| France | 4.7 | 5.4 | 7.1 | 6.0 | 8.5% |
| Serbia | 2.5 | 1.9 | 3.3 | 3.5 | 11.9% |
| Belgium | 3.3 | 1.5 | 4.4 | 2.3 | -11.3% |
| Austria | 1.2 | 1.2 | 1.5 | 1.7 | 12.3% |
| China | 1.4 | 1.8 | 1.3 | 1.3 | -2.4% |
| Others | 16.9 | 9.8 | 6.9 | 8.8 | -19.5% |
| Total | 41.5 | 32.1 | 40.2 | 44.0 | 2.0% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Italy in 2022:
- Serbia (2.4K tons)
- France (2.1K tons)
- Netherlands (1.7K tons)
- Spain (1.3K tons)
- Austria (1.0K tons)
- Germany (1.0K tons)
- Belgium (0.8K tons)
- China (0.4K tons)
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