Italy: Prepared Frozen Vegetable Market 2022

Prepared Frozen Vegetable Market Size in Italy

In 2020, the Italian prepared frozen vegetable market decreased by -X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption showed a pronounced downturn. The pace of growth was the most pronounced in 2011 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Prepared Frozen Vegetable Production in Italy

In value terms, prepared frozen vegetable production reduced markedly to $X in 2020 estimated in export prices. In general, production saw a perceptible downturn. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% y-o-y. Prepared frozen vegetable production peaked at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Prepared Frozen Vegetable Exports

Exports from Italy

In 2020, the amount of frozen vegetables and mixtures of vegetables (prepared or preserved) exported from Italy skyrocketed to X tons, picking up by X% on the previous year's figure. In general, exports saw a prominent expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Exports peaked in 2020 and are likely to see gradual growth in years to come.

In value terms, prepared frozen vegetable exports skyrocketed to $X in 2020. Over the period under review, exports recorded resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by X% y-o-y. Exports peaked in 2020 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for prepared frozen vegetable exports from Italy, with a X% share of total exports. Moreover, prepared frozen vegetable exports to the United States exceeded the volume sent to the second major destination, France (X tons), fourfold. The third position in this ranking was occupied by Japan (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the United States stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-X% per year) and Japan (+X% per year).

In value terms, the United States ($X) remains the key foreign market for prepared frozen vegetable exports from Italy, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

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

Export Prices by Country

In 2020, the average prepared frozen vegetable export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; afterwards, it flattened through to 2020.

Average prices varied somewhat for the major external markets. In 2020, the highest prices were recorded for prices to Japan ($X per ton) and the United States ($X per ton), while the average price for exports to Canada ($X per ton) and France ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced a decline.

Prepared Frozen Vegetable Imports

Imports into Italy

In 2020, overseas purchases of frozen vegetables and mixtures of vegetables (prepared or preserved) decreased by -X% to X tons, falling for the second year in a row after six years of growth. Over the period under review, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

In value terms, prepared frozen vegetable imports rose modestly to $X in 2020. In general, imports, however, showed prominent growth. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of prepared frozen vegetable imports to Italy, with a combined X% share of total imports. Poland, Belgium, the Netherlands and the UK lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in the UK, while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and Germany ($X) appeared to be the largest prepared frozen vegetable suppliers to Italy, together comprising X% of total imports. These countries were followed by Poland, the Netherlands, Belgium and the UK, which together accounted for a further X terms of the main suppliers, Poland saw 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 frozen vegetable import price stood at $X per ton in 2020, rising by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average import prices failed to regain the momentum.

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

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

Source: IndexBox Platform

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