Italy: Cream Fresh Market 2024

Cream Fresh Market Size in Italy

After two years of growth, the Italian cream fresh market decreased by X% to $X in 2023. In general, consumption enjoyed a prominent expansion. Over the period under review, the market attained the peak level at $X in 2022, and then contracted in the following year.

Cream Fresh Production in Italy

In value terms, cream fresh production reduced to $X in 2023 estimated in export price. In general, production continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. Cream fresh production peaked at $X in 2022, and then fell in the following year.

Cream Fresh Exports

Exports from Italy

In 2023, after four years of growth, there was significant decline in overseas shipments of cream fresh, when their volume decreased by X% to X tons. Over the period under review, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2022, and then declined dramatically in the following year.

In value terms, cream fresh exports dropped notably to $X in 2023. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then shrank dramatically in the following year.

Exports by Country

South Korea (X tons) was the main destination for cream fresh exports from Italy, with a X% share of total exports. Moreover, cream fresh exports to South Korea exceeded the volume sent to the second major destination, Belgium (X tons), threefold. France (X tons) ranked third in terms of total exports with a X% share.

From 2015 to 2023, the average annual rate of growth in terms of volume to South Korea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and France (X% per year).

In value terms, South Korea ($X) remains the key foreign market for cream fresh exports from Italy, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2015 to 2023, the average annual rate of growth in terms of value to South Korea totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and France (X% per year).

Export Prices by Country

In 2023, the average cream fresh export price amounted to $X per ton, dropping by X% against the previous year. In general, export price indicated a resilient expansion from 2015 to 2023: its price increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cream fresh export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2022, and then dropped in the following year.

Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Qatar ($X per ton) and the United States ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Slovenia ($X per ton) were amongst the lowest.

From 2015 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cream Fresh Imports

Imports into Italy

In 2023, supplies from abroad of cream fresh increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, cream fresh imports dropped to $X in 2023. In general, total imports indicated temperate growth from 2015 to 2023: its value increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Germany (X tons), France (X tons) and Belgium (X tons) were the main suppliers of cream fresh imports to Italy, with a combined X% share of total imports. Spain, Hungary, the Netherlands, Austria, Poland and Slovakia lagged somewhat behind, together comprising a further X%.

From 2015 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cream fresh suppliers to Italy were Germany ($X), Belgium ($X) and France ($X), with a combined X% share of total imports. Spain, Hungary, Austria, the Netherlands, Poland and Slovakia lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cream fresh import price stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, import price indicated buoyant growth from 2015 to 2023: its price increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cream fresh import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then reduced in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and Austria ($X per ton), while the price for France ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2015 to 2023, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform