Italy: Market for Fresh Or Chilled Salmonoids Meat 2024

Market Size for Fresh Or Chilled Salmonoids Meat in Italy

The Italian market for fresh or chilled salmonoids meat skyrocketed to $X in 2022, rising by 38% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a significant expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Fresh Or Chilled Salmonoids Meat

Exports from Italy

In 2022, overseas shipments of fresh or chilled salmonoids meat decreased by -17.2% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2021 when exports increased by 546% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, fresh or chilled salmonoids meat exports expanded remarkably to $X in 2022. Overall, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 511%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

France (X kg) was the main destination for fresh or chilled salmonoids meat exports from Italy, with a 57% share of total exports. Moreover, fresh or chilled salmonoids meat exports to France exceeded the volume sent to the second major destination, Croatia (X kg), twofold. The third position in this ranking was taken by Slovenia (X kg), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +98.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+91.9% per year) and Slovenia (+51.3% per year).

In value terms, the largest markets for fresh or chilled salmonoids meat exported from Italy were Croatia ($X), France ($X) and Slovenia ($X), with a combined 91% share of total exports.

Croatia, with a CAGR of +95.4%, recorded 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 2022, the average export price for fresh or chilled salmonoids meat amounted to $X per ton, rising by 34% against the previous year. Overall, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 118% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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 Croatia ($X per ton), while the average price for exports to France ($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 the United Arab Emirates (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Or Chilled Salmonoids Meat

Imports into Italy

In 2022, imports of fresh or chilled salmonoids meat into Italy declined significantly to X tons, shrinking by -22.6% on the year before. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 1,298% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, fresh or chilled salmonoids meat imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 1,038% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Spain (X tons), Sweden (X tons) and the Netherlands (X tons) were the main suppliers of fresh or chilled salmonoids meat imports to Italy, together accounting for 96% of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +170.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fresh or chilled salmonoids meat suppliers to Italy were Spain ($X), Sweden ($X) and the Netherlands ($X), with a combined 97% share of total imports.

Spain, with a CAGR of +223.7%, recorded the highest rates of growth with regard to 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 import price for fresh or chilled salmonoids meat stood at $X per ton in 2022, picking up by 79% against the previous year. Overall, the import price saw prominent growth. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Sweden ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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