Italy: Caviar (Sturgeon) Market 2024

Caviar (Sturgeon) Market Size in Italy

The Italian caviar (sturgeon) market expanded to $X in 2021, increasing by 4.5% against the previous year. In general, consumption posted a buoyant increase. Caviar (sturgeon) consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Caviar (Sturgeon) Production in Italy

In value terms, caviar (sturgeon) production rose slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 56% against the previous year. Caviar (sturgeon) production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Caviar (Sturgeon) Exports

Exports from Italy

In 2021, overseas shipments of caviar (sturgeon) were finally on the rise to reach X tons after three years of decline. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +10.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, caviar (sturgeon) exports surged to $X in 2021. Overall, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.0% 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 increased by +61.2% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Germany (X tons) and Estonia (X tons) were the main destinations of caviar (sturgeon) exports from Italy, with a combined 64% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +169.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for caviar (sturgeon) exported from Italy were France ($X), Germany ($X) and the United States ($X), with a combined 52% share of total exports. Estonia, Japan, Spain, the United Arab Emirates, Australia, the UK and Russia lagged somewhat behind, together comprising a further 31%.

Estonia, with a CAGR of +146.9%, saw the highest growth rate of the value of exports, among 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 caviar (sturgeon) export price amounted to $X per ton, declining by -4.7% against the previous year. In general, the export price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2015 an increase of 32% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to Estonia ($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 Spain (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Caviar (Sturgeon) Imports

Imports into Italy

In 2021, approx. X tons of caviar (sturgeon) were imported into Italy; rising by 347% compared with 2020 figures. Over the period under review, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, caviar (sturgeon) imports skyrocketed to $X in 2021. Overall, imports showed a strong increase. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Denmark (X tons) constituted the largest supplier of caviar (sturgeon) to Italy, accounting for a 53% share of total imports. Moreover, caviar (sturgeon) imports from Denmark exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Poland (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark amounted to +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.9% per year) and Poland (+76.8% per year).

In value terms, the largest caviar (sturgeon) suppliers to Italy were Germany ($X), Poland ($X) and China ($X), with a combined 72% share of total imports.

Among the main suppliers, Poland, with a CAGR of +122.9%, saw 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

In 2021, the average caviar (sturgeon) import price amounted to $X per ton, falling by -45.5% against the previous year. Overall, the import price recorded a pronounced downturn. The pace of growth appeared the most rapid in 2013 an increase of 47%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+40.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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