Italy: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Italy

In 2022, the Italian primary fiber crops market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a noticeable decrease. Primary fiber crops consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Primary Fiber Crops Production in Italy

In value terms, primary fiber crops production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2021, and then fell in the following year.

Primary Fiber Crops Exports

Exports from Italy

In 2022, overseas shipments of fiber crops (primary) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, primary fiber crops exports skyrocketed to $X in 2022. In general, exports, however, posted a strong increase. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons), Lithuania (X tons) and Hungary (X tons) were the main destinations of primary fiber crops exports from Italy, with a combined X% share of total exports. Bosnia and Herzegovina, Turkey, France, Slovakia, Tunisia, the UK, Spain, Greece, China and Vietnam lagged somewhat behind, together comprising a further X%.

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

In value terms, the UK ($X), the United States ($X) and Turkey ($X) constituted the largest markets for primary fiber crops exported from Italy worldwide, together comprising X% of total exports.

The UK, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average primary fiber crops export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price showed a significant increase. The pace of growth was the most pronounced in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in years to come.

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

Primary Fiber Crops Imports

Imports into Italy

In 2022, after two years of growth, there was decline in supplies from abroad of fiber crops (primary), when their volume decreased by X% to X tons. Over the period under review, imports saw a perceptible contraction. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, primary fiber crops imports rose rapidly to $X in 2022. Overall, imports showed a pronounced downturn. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X tons), India (X tons) and Brazil (X tons) were the main suppliers of primary fiber crops imports to Italy, with a combined X% share of total imports. Greece, Germany, Pakistan, Cote d'Ivoire, Spain, Lithuania, Australia, Tanzania, Argentina and Egypt 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 Argentina (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest primary fiber crops suppliers to Italy were Turkey ($X), India ($X) and Brazil ($X), with a combined X% share of total imports. Lithuania, Greece, Germany, Pakistan, Cote d'Ivoire, Tanzania, Spain, Egypt, Australia and Argentina lagged somewhat behind, together accounting for a further X%.

Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 primary fiber crops import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated mild growth 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, primary fiber crops import price increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Lithuania ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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