Italy: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Italy

The Italian breakfast cereal market surged to $X in 2021, growing by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Breakfast cereal consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Breakfast Cereal Production in Italy

In value terms, breakfast cereal production expanded sharply to $X in 2021 estimated in export price. Over the period under review, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Breakfast Cereal Exports

Exports from Italy

In 2021, overseas shipments of breakfast cereals decreased by -X% to X tons, falling for the fifth year in a row after three years of growth. Over the period under review, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, breakfast cereal exports fell to $X in 2021. Overall, total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons), Germany (X tons) and the United States (X tons) were the main destinations of breakfast cereal exports from Italy, with a combined X% share of total exports. These countries were followed by Spain, Greece, the UK, Belgium, Switzerland, Austria, Sweden, Malta, Canada and Libya, which together accounted for a further X 2012 to 2021, the biggest increases were in Canada (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the United States ($X) were the largest markets for breakfast cereal exported from Italy worldwide, together accounting for X% of total exports. Spain, the UK, Belgium, Greece, Switzerland, Austria, Sweden, Malta, Canada and Libya lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average breakfast cereal export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price showed a buoyant increase. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Belgium ($X per ton), while the average price for exports to Libya ($X per ton) was amongst the lowest.

From 2012 to 2021, 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.

Breakfast Cereal Imports

Imports into Italy

In 2021, the amount of breakfast cereals imported into Italy expanded to X tons, growing by X% compared with 2020. The total import volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, breakfast cereal imports rose notably to $X in 2021. Overall, imports, however, recorded a mild reduction. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

France (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of breakfast cereal imports to Italy, with a combined X% share of total imports. Poland, the UK, Austria, Belgium and the Netherlands lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Poland (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and Poland ($X) appeared to be the largest breakfast cereal suppliers to Italy, together accounting for X% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average breakfast cereal import price stood at $X per ton in 2021, picking up by X% against the previous year. In general, the import price, however, showed a pronounced setback. The growth pace was the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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