Italy: Gingerbread Market 2024

Gingerbread Market Size in Italy

In 2022, the Italian gingerbread market increased by 43% to $X, rising for the fourth consecutive year after four years of decline. Overall, consumption, however, recorded a noticeable decline. Gingerbread consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Gingerbread Production in Italy

In value terms, gingerbread production surged to $X in 2022 estimated in export price. Over the period under review, production posted notable growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Gingerbread Exports

Exports from Italy

Gingerbread exports from Italy rose slightly to X tons in 2022, growing by 2.5% on the previous year's figure. The total export volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when exports increased by 28% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, gingerbread exports reduced to $X in 2022. Over the period under review, exports enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 46% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for gingerbread exports from Italy, accounting for a 48% share of total exports. Moreover, gingerbread exports to Belgium exceeded the volume sent to the second major destination, Albania (X tons), fivefold. The third position in this ranking was taken by the United States (X tons), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium totaled +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+26.6% per year) and the United States (+5.5% per year).

In value terms, the largest markets for gingerbread exported from Italy were Belgium ($X), the UK ($X) and the United States ($X), with a combined 32% share of total exports. Albania, France, the Netherlands, Spain, Switzerland, Israel, Germany, China and Croatia lagged somewhat behind, together accounting for a further 38%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +27.4%, saw the highest growth rate of the value of exports, 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 gingerbread export price amounted to $X per ton, waning by -8.9% against the previous year. In general, the export price, however, continues to indicate a slight increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 35%. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium ($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 Croatia (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Gingerbread Imports

Imports into Italy

In 2022, overseas purchases of gingerbread increased by 8.2% to X tons, rising for the third year in a row after four years of decline. In general, imports saw a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 111%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, gingerbread imports amounted to $X in 2022. Overall, imports showed a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 65% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest gingerbread supplier to Italy, accounting for a 77% share of total imports. Moreover, gingerbread imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. The third position in this ranking was held by the Netherlands (X tons), with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +53.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.2% per year) and the Netherlands (+11.5% per year).

In value terms, Spain ($X) constituted the largest supplier of gingerbread to Italy, comprising 65% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports. It was followed by the Netherlands, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +49.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.8% per year) and the Netherlands (+15.0% per year).

Import Prices by Country

The average gingerbread import price stood at $X per ton in 2022, growing by 4.6% against the previous year. In general, the import price, however, showed a pronounced slump. The growth pace was the most rapid in 2018 when the average import price increased by 15%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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