Italy: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Italy

The Italian seafood meals and pellets market fell dramatically to $X in 2021, shrinking by -18.6% against the previous year. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +96.8% against 2014 indices. As a result, consumption attained the peak level of $X, and then shrank notably in the following year.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Italy

In value terms, seafood meals and pellets production declined rapidly to $X in 2021 estimated in export price. In general, production, however, posted noticeable growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 90% against the previous year. As a result, production attained the peak level of $X, and then declined remarkably in the following year.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Italy

In 2021, exports of flours, meals and pellets of fish or of crustaceans and molluscs from Italy reached X tons, increasing by 12% against the year before. Over the period under review, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 239% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, seafood meals and pellets exports skyrocketed to $X in 2021. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 71% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for seafood meals and pellets exports from Italy, accounting for a 42% share of total exports. Moreover, seafood meals and pellets exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. Spain (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+14.9% per year) and Spain (+13.8% per year).

In value terms, the largest markets for seafood meals and pellets exported from Italy were Germany ($X), the Netherlands ($X) and Romania ($X), together comprising 73% of total exports.

Romania, with a CAGR of +143.8%, saw the highest rates of growth with regard to 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 2021, the average seafood meals and pellets export price amounted to $X per ton, surging by 4.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 200%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Romania ($X per ton), while the average price for exports to Greece ($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 Israel (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Italy

Seafood meals and pellets imports into Italy fell to X tons in 2021, which is down by -10.1% compared with the previous year. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 19% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, seafood meals and pellets imports rose modestly to $X in 2021. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 39% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X tons), Denmark (X tons) and Morocco (X tons) were the main suppliers of seafood meals and pellets imports to Italy, with a combined 52% share of total imports. Germany, France, Chile, the Netherlands, Latvia and Portugal lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +104.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Denmark ($X) and France ($X) constituted the largest seafood meals and pellets suppliers to Italy, together comprising 49% of total imports. These countries were followed by Morocco, Germany, the Netherlands, Chile, Latvia and Portugal, which together accounted for a further 44%.

In terms of the main suppliers, Morocco, with a CAGR of +104.3%, recorded 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 seafood meals and pellets import price stood at $X per ton in 2021, rising by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2013 an increase of 17% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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