Starches; Inulin Price in Italy - 2023
Contents:
- Starches; Inulin Price in Italy (CIF) - 2023
- Starches; Inulin Price in Italy (FOB) - 2023
- Starches; Inulin Imports in Italy
- Starches; Inulin Exports in Italy
Starches; Inulin Price in Italy (CIF) - 2023
In August 2023, the average starches; inulin import price amounted to $893 per ton, reducing by -8.9% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in November 2022 an increase of 19% against the previous month. Over the period under review, average import prices reached the peak figure at $1,104 per ton in April 2023; however, from May 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($2,847 per ton), while the price for Slovenia ($548 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Starches; Inulin Price in Italy (FOB) - 2023
In August 2023, the average starches; inulin export price amounted to $989 per ton, with a decrease of -2.2% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average export price increased by 33% m-o-m. As a result, the export price attained the peak level of $1,500 per ton. From April 2023 to August 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($1,515 per ton), while the average price for exports to Switzerland ($603 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Starches; Inulin Imports in Italy
In 2022, the amount of starches; inulins imported into Italy soared to 212K tons, growing by 20% against the previous year. The total import volume increased at an average annual rate of +9.6% 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, starches; inulin imports soared to $163M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Starches; Inulin in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 18.7 | 22.6 | 30.5 | 38.2 | 26.9% |
| Germany | 13.9 | 16.5 | 17.9 | 28.0 | 26.3% |
| Netherlands | 10.2 | 10.0 | 15.4 | 22.2 | 29.6% |
| Belgium | 17.5 | 17.3 | 18.6 | 20.6 | 5.6% |
| Hungary | 0.9 | 3.4 | 4.2 | 9.4 | 118.6% |
| Slovenia | 7.3 | 2.4 | 4.4 | 8.5 | 5.2% |
| Denmark | 5.6 | 6.1 | 5.5 | 7.8 | 11.7% |
| Romania | 2.7 | 0.4 | 1.5 | 6.3 | 32.6% |
| France | 12.4 | 9.7 | 6.3 | 5.2 | -25.1% |
| Serbia | 3.4 | 3.0 | 3.7 | 3.4 | 0.0% |
| Spain | 5.7 | 3.6 | 1.2 | 1.5 | -35.9% |
| Others | 9.8 | 7.3 | 8.3 | 12.0 | 7.0% |
| Total | 108 | 102 | 117 | 163 | 14.7% |
Top Suppliers of Starches; Inulin to Italy in 2022:
- Austria (68.1K tons)
- Germany (31.8K tons)
- Netherlands (24.5K tons)
- Hungary (15.0K tons)
- Belgium (12.3K tons)
- Slovenia (11.4K tons)
- Denmark (11.3K tons)
- Romania (9.9K tons)
- France (8.2K tons)
- Serbia (4.1K tons)
- Spain (1.7K tons)
Starches; Inulin Exports in Italy
In 2022, after two years of decline, there was significant growth in shipments abroad of starches; inulins, when their volume increased by 21% to 89K tons. Overall, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, starches; inulin exports soared to $74M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.7% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Starches; Inulin in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 12.4 | 11.6 | 11.5 | 19.7 | 16.7% |
| Germany | 5.2 | 4.2 | 5.6 | 13.1 | 36.1% |
| United Kingdom | 1.9 | 0.9 | 1.1 | 6.2 | 48.3% |
| Thailand | 0.9 | 2.8 | 4.9 | 4.8 | 74.7% |
| South Korea | 2.4 | 2.2 | 1.6 | 3.3 | 11.2% |
| Switzerland | 3.1 | 0.7 | 1.4 | 2.9 | -2.2% |
| Spain | 2.0 | 2.7 | 3.1 | 2.9 | 13.2% |
| Denmark | 0.1 | 0.1 | 0.3 | 2.3 | 184.4% |
| Belgium | 1.5 | 1.1 | 0.9 | 2.0 | 10.1% |
| Netherlands | 0.9 | 0.6 | 1.1 | 1.3 | 13.0% |
| Austria | 1.2 | 0.5 | 0.9 | 1.2 | 0.0% |
| Vietnam | 1.1 | 1.0 | 1.1 | 1.0 | -3.1% |
| Malta | 2.5 | 2.3 | N/A | 0.1 | -65.8% |
| Others | 12.7 | 12.1 | 13.0 | 13.1 | 1.0% |
| Total | 47.9 | 43.0 | 46.5 | 73.9 | 15.5% |
Top Export Markets for Starches; Inulin from Italy in 2022:
- Malta (undefinedK tons)
- France (23.9K tons)
- Germany (14.9K tons)
- South Korea (7.8K tons)
- United Kingdom (7.2K tons)
- Thailand (6.4K tons)
- Switzerland (3.9K tons)
- Spain (3.1K tons)
- Denmark (2.6K tons)
- Belgium (2.6K tons)
- Vietnam (1.7K tons)
- Netherlands (1.4K tons)
- Austria (0.9K tons)
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