Italy: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Italy

In 2022, the Italian buttermilk and buttermilk powder market decreased by -3.5% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, saw a relatively flat trend pattern. Buttermilk and buttermilk powder consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Buttermilk And Buttermilk Powder in Italy

In value terms, buttermilk and buttermilk powder production rose rapidly to $X in 2022 estimated in export price. Overall, production recorded a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 88% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports from Italy

In 2022, overseas shipments of buttermilk and buttermilk powder decreased by -32.8% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 27%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, buttermilk and buttermilk powder exports declined remarkably to $X in 2022. In general, exports continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 23% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), France (X tons) and the UK (X tons) were the main destinations of buttermilk and buttermilk powder exports from Italy, together accounting for 41% of total exports. Malta, Austria, Slovenia, the Netherlands, the United Arab Emirates, Belgium, Albania, Spain, Lithuania and Hong Kong SAR lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +96.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for buttermilk and buttermilk powder exported from Italy were China ($X), France ($X) and the UK ($X), together comprising 47% of total exports. Austria, Malta, the Netherlands, Spain, Belgium, Slovenia, Albania, Lithuania, the United Arab Emirates and Hong Kong SAR lagged somewhat behind, together comprising a further 31%.

Lithuania, with a CAGR of +76.6%, recorded the highest rates of growth with regard to 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

The average buttermilk and buttermilk powder export price stood at $X per ton in 2022, declining by -17.8% against the previous year. In general, the export price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 an increase of 13%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($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 China (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buttermilk And Buttermilk Powder

Imports into Italy

For the third year in a row, Italy recorded growth in purchases abroad of buttermilk and buttermilk powder, which increased by 9.1% to X tons in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.1% 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 +24.5% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 34%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, buttermilk and buttermilk powder imports rose to $X in 2022. In general, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 +83.1% against 2013 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 23%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Austria (X tons), France (X tons) and Spain (X tons) were the main suppliers of buttermilk and buttermilk powder imports to Italy, together comprising 79% of total imports. Belgium, Germany, Greece, Croatia and Poland lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +42.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest buttermilk and buttermilk powder suppliers to Italy were France ($X), Austria ($X) and Spain ($X), together comprising 78% of total imports. Germany, Greece, Belgium, Croatia and Poland lagged somewhat behind, together accounting for a further 16%.

Croatia, with a CAGR of +36.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average buttermilk and buttermilk powder import price stood at $X per ton in 2022, which is down by -3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2013 an increase of 13% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then dropped modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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