Italy: Market for Fresh Or Chilled Anchovies 2025

Market Size for Fresh Or Chilled Anchovies in Italy

The Italian fresh or chilled anchovies market contracted modestly to $X in 2021, reducing by -3.2% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Fresh or chilled anchovies consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Fresh Or Chilled Anchovies in Italy

In value terms, fresh or chilled anchovies production dropped significantly to $X in 2021 estimated in export price. Overall, production recorded a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 874% against the previous year. Fresh or chilled anchovies production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Fresh Or Chilled Anchovies

Exports from Italy

In 2021, overseas shipments of fresh or chilled anchovieses increased by 20% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by 24%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, fresh or chilled anchovies exports surged to $X in 2021. Overall, total exports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +46.8% against 2019 indices. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Spain (X tons) and Croatia (X tons) were the main destinations of fresh or chilled anchovies exports from Italy, together comprising 67% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +38.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and France ($X) were the largest markets for fresh or chilled anchovies exported from Italy worldwide, together accounting for 65% of total exports. These countries were followed by the Netherlands, Greece, Croatia, Belgium and Albania, which together accounted for a further 19%.

Croatia, with a CAGR of +25.7%, saw 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 2021, the average fresh or chilled anchovies export price amounted to $X per ton, with an increase of 15% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of 34%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Croatia ($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 Albania (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Or Chilled Anchovies

Imports into Italy

In 2021, approx. X tons of fresh or chilled anchovieses were imported into Italy; jumping by 46% against 2020. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, fresh or chilled anchovies imports soared to $X in 2021. Overall, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.1% 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 +88.0% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest fresh or chilled anchovies supplier to Italy, accounting for a 66% share of total imports. Moreover, fresh or chilled anchovies imports from Spain exceeded the figures recorded by the second-largest supplier, Croatia (X tons), fourfold. The third position in this ranking was held by Portugal (X tons), with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (-11.4% per year) and Portugal (+124.0% per year).

In value terms, Spain ($X) constituted the largest supplier of fresh or chilled anchovieses to Italy, comprising 71% of total imports. The second position in the ranking was held by Croatia ($X), with a 14% share of total imports. It was followed by Portugal, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (-6.6% per year) and Portugal (+111.3% per year).

Import Prices by Country

In 2021, the average fresh or chilled anchovies import price amounted to $X per ton, growing by 9.6% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fresh or chilled anchovies import price increased by +75.0% against 2015 indices. The growth pace was the most rapid in 2016 when the average import price increased by 28% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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