Italy: Vinegar-Preserved Vegetable Market 2024

Vinegar-Preserved Vegetable Market Size in Italy

In 2022, the Italian vinegar-preserved vegetable market increased by 67% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, saw a slight reduction. Vinegar-preserved vegetable consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Vinegar-Preserved Vegetable Production in Italy

In value terms, vinegar-preserved vegetable production skyrocketed to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. Vinegar-preserved vegetable production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Vinegar-Preserved Vegetable Exports

Exports from Italy

Vinegar-preserved vegetable exports from Italy totaled X tons in 2022, picking up by 11% compared with 2021. Overall, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.9% against 2020 indices. The pace of growth appeared the most rapid in 2015 when exports increased by 18%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, vinegar-preserved vegetable exports rose remarkably to $X in 2022. In general, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +29.9% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 22% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons), France (X tons) and Switzerland (X tons) were the main destinations of vinegar-preserved vegetable exports from Italy, together comprising 43% of total exports. Spain, the UK, the United States, Japan, the Netherlands, Russia, Poland, Australia, Belgium and Malta lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +31.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the UK ($X) constituted the largest markets for vinegar-preserved vegetable exported from Italy worldwide, with a combined 43% share of total exports. The United States, Switzerland, Japan, Spain, Russia, the Netherlands, Belgium, Australia, Poland and Malta lagged somewhat behind, together accounting for a further 35%.

Japan, with a CAGR of +18.5%, recorded the highest growth rate of 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

The average vinegar-preserved vegetable export price stood at $X per ton in 2022, with a decrease of -3.4% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 13%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($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 France (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Vinegar-Preserved Vegetable Imports

Imports into Italy

In 2022, approx. X tons of vegetables in vinegar other than potatoes were imported into Italy; increasing by 29% on the previous year's figure. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, vinegar-preserved vegetable imports soared to $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Turkey (X tons) and the Netherlands (X tons) were the main suppliers of vinegar-preserved vegetable imports to Italy, with a combined 65% share of total imports. Spain, China, Hungary, Romania, France and Greece lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +75.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vinegar-preserved vegetable suppliers to Italy were Germany ($X), Turkey ($X) and the Netherlands ($X), with a combined 60% share of total imports. Spain, China, Romania, Hungary, Greece and France lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, Hungary, with a CAGR of +63.7%, saw 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.

Import Prices by Country

The average vinegar-preserved vegetable import price stood at $X per ton in 2022, which is down by -4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 13% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Greece ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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