Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Italy - 2023

Contents:

1. Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Italy (CIF) - 2023
2. Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Italy (FOB) - 2023
3. Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Italy
4. Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Italy

Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Italy (CIF) - 2023

The average import price for vegetables (uncooked or cooked by steaming or boiling in water); frozen stood at $2,464 per ton in October 2023, surging by 77% against the previous month. Overall, import price indicated a prominent expansion from October 2022 to October 2023: its price increased at an average monthly rate of +5.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for vegetables (uncooked or cooked by steaming or boiling in water); frozen increased by +77.4% against September 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was Ukraine ($4,982 per ton), while the price for North Macedonia ($1,799 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Italy (FOB) - 2023

In October 2023, the average export price for vegetables (uncooked or cooked by steaming or boiling in water); frozen amounted to $3,669 per ton, with an increase of 111% against the previous month. In general, export price indicated a remarkable increase from October 2022 to October 2023: its price increased at an average monthly rate of +6.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for vegetables (uncooked or cooked by steaming or boiling in water); frozen increased by +111.5% against September 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($5,281 per ton), while the average price for exports to Albania ($2,091 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Italy

In 2022, after two years of decline, there was significant growth in supplies from abroad of vegetables (uncooked or cooked by steaming or boiling in water); frozen, when their volume increased by 14% to 278K tons. In general, imports, however, continue to indicate a relatively flat trend pattern.

In value terms, imports of vegetables (uncooked or cooked by steaming or boiling in water); frozen rose notably to $347M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen to Italy in 2022:

1. Belgium (77.4K tons)
2. France (46.6K tons)
3. Spain (41.4K tons)
4. Poland (20.8K tons)
5. Germany (17.2K tons)
6. China (14.0K tons)
7. Netherlands (10.7K tons)
8. Egypt (10.6K tons)
9. United Kingdom (8.2K tons)
10. Romania (6.4K tons)
11. Croatia (4.7K tons)

Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Italy

In 2022, overseas shipments of vegetables (uncooked or cooked by steaming or boiling in water); frozen decreased by -3.7% to 48K tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 12%. As a result, the exports reached the peak of 53K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of vegetables (uncooked or cooked by steaming or boiling in water); frozen fell to $100M in 2022. The total export value increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 16%.

Top Export Markets for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen from Italy in 2022:

1. France (11.8K tons)
2. Germany (10.6K tons)
3. Poland (4.4K tons)
4. Belgium (3.8K tons)
5. United States (3.5K tons)
6. Netherlands (1.3K tons)
7. Switzerland (1.2K tons)
8. Austria (1.2K tons)
9. Romania (0.9K tons)
10. Czech Republic (0.9K tons)
11. Hungary (0.8K tons)
12. Malta (0.8K tons)
13. Croatia (0.8K tons)

Source: IndexBox Market Intelligence Platform