Italy: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Italy

In 2021, after two years of decline, there was significant growth in the Italian meat meals and pellets market, when its value increased by 33% to $X. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Italy

In value terms, meat meals and pellets production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 40% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports from Italy

In 2021, shipments abroad of flours, meals and pellets of meat or meat offal was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 40%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, meat meals and pellets exports surged to $X in 2021. Overall, total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 35% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons), Thailand (X tons) and France (X tons) were the main destinations of meat meals and pellets exports from Italy, with a combined 50% share of total exports. These countries were followed by the Netherlands, Myanmar, the Czech Republic, Germany, the Philippines, Turkey, Spain, Sri Lanka, Cambodia and Poland, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sri Lanka (with a CAGR of +87.4%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), France ($X) and Thailand ($X) appeared to be the largest markets for meat meals and pellets exported from Italy worldwide, together accounting for 44% of total exports. The Netherlands, the Czech Republic, Germany, Myanmar, Spain, Turkey, Poland, the Philippines, Sri Lanka and Cambodia lagged somewhat behind, together comprising a further 41%.

Myanmar, with a CAGR of +115.0%, 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

The average meat meals and pellets export price stood at $X per ton in 2021, jumping by 22% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2013 when the average export price increased by 28%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average 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 Germany ($X per ton), while the average price for exports to Cambodia ($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 Myanmar (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports into Italy

In 2021, purchases abroad of flours, meals and pellets of meat or meat offal increased by 8.8% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a mild decline. The pace of growth was the most pronounced in 2014 when imports increased by 26%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, meat meals and pellets imports soared to $X in 2021. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 56% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X tons), Germany (X tons) and France (X tons) were the main suppliers of meat meals and pellets imports to Italy, with a combined 52% share of total imports. These countries were followed by Austria, Poland, Denmark, the Netherlands, the UK, the Czech Republic, Hungary, Slovenia, Greece and Slovakia, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +43.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and Germany ($X) appeared to be the largest meat meals and pellets suppliers to Italy, with a combined 51% share of total imports. Austria, the Netherlands, Denmark, Poland, Hungary, the UK, the Czech Republic, Slovenia, Slovakia and Greece lagged somewhat behind, together accounting for a further 40%.

In terms of the main suppliers, Austria, with a CAGR of +37.3%, recorded the highest growth rate of 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 meat meals and pellets import price stood at $X per ton in 2021, surging by 44% against the previous year. In general, the import price continues to indicate a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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