Italy: Crispbread Market 2024

Crispbread Market Size in Italy

The Italian crispbread market surged to $X in 2021, picking up by 2,009% against the previous year. Over the period under review, consumption saw a resilient increase. Crispbread consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Crispbread Production in Italy

In value terms, crispbread production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep downturn. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Crispbread Exports

Exports from Italy

In 2021, overseas shipments of crispbread decreased by -4.9% to X tons, falling for the second year in a row after five years of growth. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 15% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, crispbread exports shrank to $X in 2021. In general, total exports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.0% 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 decreased by -22.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 43% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for crispbread exports from Italy, accounting for a 43% share of total exports. Moreover, crispbread exports to France exceeded the volume sent to the second major destination, the United States (X tons), threefold. Spain (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+12.5% per year) and Spain (+7.2% per year).

In value terms, the largest markets for crispbread exported from Italy were France ($X), Spain ($X) and the United States ($X), with a combined 68% share of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +18.4%, saw the highest rates of growth with regard to the value of exports, 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 crispbread export price amounted to $X per ton, surging by 1.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2017 an increase of 24% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to France ($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 Germany (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Crispbread Imports

Imports into Italy

For the fourth consecutive year, Italy recorded growth in purchases abroad of crispbread, which increased by 25% to X tons in 2021. Overall, imports continue to indicate buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, crispbread imports skyrocketed to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +96.3% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Sweden (X tons) and the Netherlands (X tons) were the main suppliers of crispbread imports to Italy, together accounting for 95% of total imports. Norway lagged somewhat behind, accounting for a further 2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +68.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crispbread suppliers to Italy were Germany ($X), Sweden ($X) and the Netherlands ($X), with a combined 88% share of total imports. Norway lagged somewhat behind, accounting for a further 5.9%.

Among the main suppliers, Norway, with a CAGR of +72.0%, 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

The average crispbread import price stood at $X per ton in 2021, growing by 17% against the previous year. Overall, the import price, however, saw a slight curtailment. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :