Italy: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Italy

The Italian prepared dish and meal market reduced modestly to $X in 2021, shrinking by -2.7% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Prepared Dishes And Meals in Italy

In value terms, prepared dish and meal production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 16% against the previous year. Prepared dish and meal production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Prepared Dishes And Meals

Exports from Italy

In 2021, exports of prepared dishes and meals from Italy expanded sharply to X tons, picking up by 12% against the previous year. Overall, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +99.1% against 2012 indices. The most prominent rate of growth was recorded in 2017 with an increase of 27% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, prepared dish and meal exports skyrocketed to $X in 2021. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 29%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Exports by Country

France (X tons), Spain (X tons) and Germany (X tons) were the main destinations of prepared dish and meal exports from Italy, with a combined 20% share of total exports. These countries were followed by the United States, Romania, Turkey, the Netherlands, the UK, Serbia, Greece, Poland, Croatia and Hungary, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +20.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Germany ($X) constituted the largest markets for prepared dish and meal exported from Italy worldwide, with a combined 26% share of total exports.

The United States, with a CAGR of +22.9%, saw the highest growth rate of 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

The average prepared dish and meal export price stood at $X per ton in 2021, picking up by 8.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2020 an increase of 8.9% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turkey ($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 Greece (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into Italy

In 2021, overseas purchases of prepared dishes and meals increased by 8.4% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 14% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +6.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main suppliers of prepared dish and meal imports to Italy, together accounting for 50% of total imports. Belgium, Poland, Austria, Spain, the Czech Republic, China, Sri Lanka, Slovenia, the UK and Ireland lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sri Lanka (with a CAGR of +40.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared dish and meal suppliers to Italy were Germany ($X), the Netherlands ($X) and France ($X), together comprising 54% of total imports. Belgium, Poland, Spain, Ireland, Austria, the Czech Republic, China, the UK, Slovenia and Sri Lanka lagged somewhat behind, together comprising a further 33%.

Among the main suppliers, Sri Lanka, with a CAGR of +28.0%, 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 prepared dish and meal import price stood at $X per ton in 2021, with an increase of 12% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :