Italy - Cereals - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAugust 2023 Sees Italy's Modest $457M Increase in Cereal Import
Italy Cereals Imports
Cereal imports into Italy rose sharply to 1.3M tons in August 2023, picking up by 7.7% on the month before. The total import volume increased at an average monthly rate of +1.7% over the period from August 2022 to August 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in September 2022 when imports increased by 22% against the previous month.
In value terms, cereal imports soared to $457M (IndexBox estimates) in August 2023. The total import value increased at an average monthly rate of +1.4% over the period from August 2022 to August 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. The pace of growth appeared the most rapid in September 2022 when imports increased by 22% month-to-month.
Cereals Imports By Country (Million USD)">
| COUNTRY | Import Value of Cereals in Italy (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | |
| Hungary | 58.1 | 54.9 | 47.5 | 53.3 | 58.6 | 55.4 | 71.7 | 92.6 | 67.3 | 75.7 | 65.1 | 52.3 | 54.7 |
| Slovenia | 30.2 | 35.1 | 34.9 | 39.1 | 25.8 | 32.8 | 24.3 | 34.4 | 32.2 | 33.4 | 46.5 | 51.9 | 45.1 |
| Ukraine | 9.1 | 50.6 | 78.2 | 118 | 88.6 | 104 | 75.9 | 65.0 | 73.9 | 45.0 | 60.1 | 52.4 | 44.8 |
| France | 52.6 | 66.6 | 55.7 | 46.2 | 64.0 | 55.5 | 51.9 | 53.9 | 41.3 | 39.1 | 43.5 | 32.6 | 25.5 |
| Romania | 14.7 | 17.8 | 42.7 | 50.5 | 34.1 | 34.5 | 29.3 | 26.3 | 26.5 | 28.0 | 26.9 | 12.7 | 18.1 |
| Canada | 27.7 | 27.3 | 57.1 | 108 | 115 | 103 | 60.9 | 70.9 | 45.0 | 76.1 | 21.2 | 29.1 | 17.7 |
| Brazil | 48.4 | 61.0 | 37.6 | 46.9 | 47.7 | 17.4 | 18.8 | 5.4 | 8.0 | 1.4 | 0.6 | N/A | 7.0 |
| Others | 146 | 160 | 192 | 148 | 141 | 116 | 140 | 193 | 136 | 166 | 133 | 160 | 244 |
| Total | 387 | 474 | 546 | 611 | 575 | 519 | 473 | 541 | 430 | 465 | 397 | 391 | 457 |
Imports by Country
Hungary (198K tons), Ukraine (166K tons) and Slovenia (161K tons) were the main suppliers of cereal imports to Italy, with a combined 40% share of total imports.
From August 2022 to August 2023, the biggest increases were in Ukraine (with a CAGR of +15.1%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest cereal suppliers to Italy were Hungary ($55M), Slovenia ($45M) and Ukraine ($45M), together accounting for 32% of total imports.
In terms of the main suppliers, Ukraine, with a CAGR of +14.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
In August 2023, wheat (860K tons) constituted the largest type of cereal supplied to Italy, with a 65% share of total imports. Moreover, wheat exceeded the figures recorded for the second-largest type, maize (388K tons), twofold. Barley (69K tons) ranked third in terms of total imports with a 5.2% share.
From August 2022 to August 2023, the average monthly growth rate of the volume of import of wheat amounted to +5.7%. With regard to the other supplied products, the following average monthly rates of growth were recorded: maize (-2.8% per month) and barley (+2.8% per month).
In value terms, wheat ($321M) constituted the largest type of cereal supplied to Italy, comprising 70% of total imports. The second position in the ranking was held by maize ($112M), with a 25% share of total imports. It was followed by barley, with a 3.8% share.
Import Prices by Country
In August 2023, the cereals price stood at $344 per ton (CIF, Italy), picking up by 8.4% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $407 per ton in January 2023; however, from February 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 Turkey ($463 per ton), while the price for Ukraine ($270 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 Germany (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides an in-depth analysis of the cereal market in Italy. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 108 - Cereals, nes
- FCL 103 - Mixed grain
- FCL 92 - Quinoa
- FCL 15 - Wheat
- FCL 71 - Rye
- FCL 44 - Barley
- FCL 75 - Oats
- FCL 56 - Maize
- FCL 27 - Rice, paddy
- FCL 83 - Sorghum
- FCL 89 - Buckwheat
- FCL 101 - Canary seed
- FCL 94 - Fonio
- FCL 97 - Triticale
- FCL 79 - Millet
Country coverage:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional EditionPRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
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4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
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7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
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8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
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9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012-2024
- Imports, In Value Terms, By Country, 2012-2024
- Import Prices, By Country, 2012-2024
- Exports, In Physical Terms, By Country, 2012-2024
- Exports, In Value Terms, By Country, 2012-2024
- Exports Prices, By Country, 2012-2024
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LIST OF FIGURES
- Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply Vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply Vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, by Product
- Average Per Capita Consumption, by Product
- Exports and Growth, by Product
- Export Prices and Growth, by Product
- Production Volume and Growth
- Yield and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Harvested Area: Historical Data (2012–2024) and Forecast (2025–2035)
- Yield: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, in Physical Terms, by Country, 2024
- Imports, in Physical Terms, by Country, 2012-2024
- Imports, in Value Terms, by Country, 2012-2024
- Import Prices, by Country, 2012-2024
- Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, in Physical Terms, by Country, 2024
- Exports, in Physical Terms, by Country, 2012-2024
- Exports, in Value Terms, by Country, 2012-2024
- Export Prices, by Country, 2012-2024
