Italy: Frozen Salmonoids Market 2022

Frozen Salmonoids Market Size in Italy

In 2020, the Italian frozen salmonoids market was finally on the rise to reach $X for the first time since 2016, thus ending a three-year declining trend. Over the period under review, consumption, however, faced a sharp slump. Frozen salmonoids consumption peaked at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Frozen Salmonoids Production in Italy

In value terms, frozen salmonoids production dropped to $X in 2020 estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2020, production failed to regain the momentum.

Frozen Salmonoids Exports

Exports from Italy

In 2020, overseas shipments of frozen salmonoids decreased by -X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2017 when exports increased by X% y-o-y. Exports peaked at X tons in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen salmonoids exports fell sharply to $X in 2020. In general, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Switzerland (X tons) was the main destination for frozen salmonoids exports from Italy, accounting for a X% share of total exports. Moreover, frozen salmonoids exports to Switzerland exceeded the volume sent to the second major destination, Malta (X tons), fivefold. The third position in this ranking was occupied by Afghanistan (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Switzerland amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (-X% per year) and Afghanistan (X% per year).

In value terms, Switzerland ($X) remains the key foreign market for frozen salmonoids exports from Italy, comprising X% of total exports. The second position in the ranking was occupied by Afghanistan ($X), with a X% share of total exports. It was followed by Malta, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Switzerland amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (X% per year) and Malta (-X% per year).

Export Prices by Country

In 2020, the average frozen salmonoids export price amounted to $X per ton, rising by X% against the previous year. Overall, export price indicated a strong expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($X per ton), while the average price for exports to Malta ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Salmonoids Imports

Imports into Italy

In 2020, supplies from abroad of frozen salmonoids decreased by -X% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports recorded a sharp setback. The growth pace was the most rapid in 2016 when imports increased by X% year-to-year. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, frozen salmonoids imports contracted markedly to $X in 2020. Over the period under review, imports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

Imports by Country

The Netherlands (X tons), Spain (X tons) and Denmark (X tons) were the main suppliers of frozen salmonoids imports to Italy, together comprising X% of total imports. Malta lagged somewhat behind, comprising a further X 2007 to 2020, the biggest increases were in Malta, while purchases for the other leaders experienced a decline.

In value terms, the largest frozen salmonoids suppliers to Italy were Spain ($X), Denmark ($X) and the Netherlands ($X), together comprising X% of total imports. Malta lagged somewhat behind, comprising a further X the main suppliers, Malta recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average frozen salmonoids import price stood at $X per ton in 2020, surging by X% against the previous year. Overall, import price indicated measured growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Malta ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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