Italy: Biological Product Market 2024

Biological Product Market Size in Italy

The Italian biological product market shrank to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, showed resilient growth. Over the period under review, the market attained the peak level at $X in 2021, and then fell in the following year.

Biological Product Production in Italy

In value terms, biological product production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Biological Product Exports

Exports from Italy

In 2022, approx. X tons of biological products were exported from Italy; declining by X% on the previous year. Over the period under review, exports, however, showed a slight expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, biological product exports contracted sharply to $X in 2022. In general, exports, however, recorded prominent growth. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Austria (X tons) was the main destination for biological product exports from Italy, with a X% share of total exports. Moreover, biological product exports to Austria exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. Germany (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X), the United States ($X) and Japan ($X) constituted the largest markets for biological product exported from Italy worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average biological product export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X,257 per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Biological Product Imports

Imports into Italy

In 2022, approx. X tons of biological products were imported into Italy; reducing by X% compared with 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, biological product imports contracted remarkably to $X in 2022. Over the period under review, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2021, and then fell markedly in the following year.

Imports by Country

In 2022, Austria (X tons) constituted the largest supplier of biological product to Italy, accounting for a X% share of total imports. Moreover, biological product imports from Austria exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by France (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Austria amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

In value terms, Germany ($X) constituted the largest supplier of biological products to Italy, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the average biological product import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price, however, enjoyed a strong expansion. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X,161 per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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