Italy: Non-Wheat Cereal Pellets Market 2024

Non-Wheat Cereal Pellets Market Size in Italy

The Italian non-wheat cereal pellets market surged to $X in 2021, rising by 104% against the previous year. Overall, consumption enjoyed prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Non-Wheat Cereal Pellets Production in Italy

In value terms, non-wheat cereal pellets production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 118% against the previous year. Non-wheat cereal pellets production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Non-Wheat Cereal Pellets Exports

Exports from Italy

For the third year in a row, Italy recorded growth in overseas shipments of cereal pellets (excluding wheat), which increased by 0.5% to X tons in 2021. Over the period under review, exports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by 86% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, non-wheat cereal pellets exports dropped sharply to $X in 2021. In general, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 117% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Malta (X tons) was the main destination for non-wheat cereal pellets exports from Italy, accounting for a 89% share of total exports. Moreover, non-wheat cereal pellets exports to Malta exceeded the volume sent to the second major destination, the Czech Republic (X tons), more than tenfold. The third position in this ranking was held by the UK (X tons), with a 3.8% share.

From 2012 to 2021, the average annual growth rate of volume to Malta stood at +88.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-9.3% per year) and the UK (+17.6% per year).

In value terms, Malta ($X), the Czech Republic ($X) and the UK ($X) appeared to be the largest markets for non-wheat cereal pellets exported from Italy worldwide, together comprising 88% of total exports.

Malta, with a CAGR of +34.7%, recorded 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 mixed trend patterns.

Export Prices by Country

In 2021, the average non-wheat cereal pellets export price amounted to $X per ton, shrinking by -43.2% against the previous year. In general, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Malta ($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 the UK (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Wheat Cereal Pellets Imports

Imports into Italy

In 2021, approx. X tons of cereal pellets (excluding wheat) were imported into Italy; jumping by 60% against the year before. Over the period under review, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-wheat cereal pellets imports surged to $X in 2021. Overall, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Slovenia (X tons) constituted the largest supplier of non-wheat cereal pellets to Italy, with a 51% share of total imports. Moreover, non-wheat cereal pellets imports from Slovenia exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by France (X tons), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Slovenia amounted to +54.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.7% per year) and France (+55.9% per year).

In value terms, Slovenia ($X) constituted the largest supplier of cereal pellets (excluding wheat) to Italy, comprising 45% of total imports. The second position in the ranking was held by Germany ($X), with a 21% share of total imports. It was followed by France, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from Slovenia totaled +42.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.2% per year) and France (+35.3% per year).

Import Prices by Country

The average non-wheat cereal pellets import price stood at $X per ton in 2021, increasing by 12% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 50% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Romania ($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 (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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