Italy: Cheese And Curd Market 2024

Cheese And Curd Market Size in Italy

In 2022, the Italian cheese and curd market increased by 14% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +23.7% against 2020 indices. Cheese and curd consumption peaked in 2022 and is expected to retain growth in the immediate term.

Cheese And Curd Production in Italy

In value terms, cheese and curd production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production showed resilient growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 33% against the previous year. Cheese and curd production peaked in 2022 and is likely to see gradual growth in the near future.

Cheese And Curd Exports

Exports from Italy

In 2022, cheese and curd exports from Italy rose markedly to X tons, with an increase of 6.2% on 2021. Overall, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.6% 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 +89.8% against 2012 indices. The pace of growth appeared the most rapid in 2021 with an increase of 14%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, cheese and curd exports rose markedly to $X in 2022. In general, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +85.1% against 2015 indices. The growth pace was the most rapid in 2021 when exports increased by 20%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons), Germany (X tons) and the UK (X tons) were the main destinations of cheese and curd exports from Italy, with a combined 43% share of total exports. The United States, Spain, Belgium, Switzerland, the Netherlands, Austria, Luxembourg, Japan, Sweden and Poland lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +12.3%), 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 cheese and curd exported from Italy worldwide, together accounting for 45% of total exports. The UK, Spain, Belgium, Switzerland, the Netherlands, Austria, Japan, Sweden, Poland and Luxembourg lagged somewhat behind, together accounting for a further 36%.

Poland, with a CAGR of +14.1%, saw 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 cheese and curd export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 8.5% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 United States ($X per ton), while the average price for exports to Luxembourg ($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 the Netherlands (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Italy

In 2022, the amount of cheese and curd imported into Italy rose significantly to X tons, increasing by 6.9% compared with 2021 figures. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cheese and curd 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest cheese and curd supplier to Italy, with a 44% share of total imports. Moreover, cheese and curd imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (-0.2% per year) and the Netherlands (+2.4% per year).

In value terms, Germany ($X) constituted the largest supplier of cheese and curd to Italy, comprising 44% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 8% share of total imports. It was followed by France, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+3.4% per year) and France (-1.4% per year).

Import Prices by Country

The average cheese and curd import price stood at $X per ton in 2022, surging by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 16% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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