Italy: Cereal Market 2024

Cereal Market Size in Italy

After two years of decline, the Italian cereal market increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Cereal consumption peaked in 2022 and is likely to see steady growth in years to come.

Cereal Production in Italy

In value terms, cereal production dropped modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

The average yield of cereals in Italy amounted to X tons per ha in 2022, flattening at 2021. In general, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2022, the growth of the average cereal yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cereals were harvested in Italy; stabilizing at the previous year's figure. In general, the harvested area, however, showed a slight setback. The cereal harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Cereal Exports

Exports from Italy

In 2022, overseas shipments of cereals increased by X% to X tons, rising for the third year in a row after two years of decline. In general, exports enjoyed measured growth. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, cereal exports surged to $X in 2022. Over the period under review, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Algeria (X tons), Tunisia (X tons) and France (X tons) were the main destinations of cereal exports from Italy, together comprising X% of total exports.

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

In value terms, Algeria ($X), Tunisia ($X) and Greece ($X) were the largest markets for cereal exported from Italy worldwide, with a combined X% share of total exports.

Algeria, with a CAGR of X%, 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

In 2022, the average cereal export price amounted to $X per ton, growing by X% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

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

Cereal Imports

Imports into Italy

Cereal imports into Italy expanded rapidly to X tons in 2022, with an increase of X% on the previous year. 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 appeared the most rapid in 2014 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, cereal imports surged to $X in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Hungary (X tons), France (X tons) and Ukraine (X tons) were the main suppliers of cereal imports to Italy, with a combined X% share of total imports. Slovenia, Croatia, Austria, Romania, Brazil, Canada, Germany, the United States, Bulgaria and Russia lagged somewhat behind, together comprising a further X%.

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

In value terms, Hungary ($X), France ($X) and Ukraine ($X) were the largest cereal suppliers to Italy, with a combined X% share of total imports. Canada, Austria, Croatia, Slovenia, Romania, Brazil, the United States, Germany, Bulgaria and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Brazil, with a CAGR of X%, 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 2022, the average cereal import price amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereal import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in years to come.

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 the United States ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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