Italy: Inulin Market 2024

Inulin Market Size in Italy

The Italian inulin market skyrocketed to $X in 2021, increasing by 33% against the previous year. In general, consumption, however, continues to indicate a deep downturn. Inulin consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Inulin Production in Italy

In value terms, inulin production surged to $X in 2021 estimated in export price. Overall, production, however, saw a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 40% against the previous year. Inulin production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Inulin Exports

Exports from Italy

In 2021, after five years of growth, there was significant decline in overseas shipments of inulin, when their volume decreased by -27.7% to X tons. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 601%. Over the period under review, the exports reached the maximum at X tons in 2020, and then dropped markedly in the following year.

In value terms, inulin exports reduced dramatically to $X in 2021. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 661%. The exports peaked at $X in 2020, and then fell sharply in the following year.

Exports by Country

The United States (X tons) was the main destination for inulin exports from Italy, with a 72% share of total exports. Moreover, inulin exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), sixfold. The third position in this ranking was taken by Poland (X tons), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +39.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+39.8% per year) and Poland (+122.7% per year).

In value terms, the United States ($X) remains the key foreign market for inulin exports from Italy, comprising 55% of total exports. The second position in the ranking was held by Germany ($X), with a 15% share of total exports. It was followed by Poland, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+33.0% per year) and Poland (+157.9% per year).

Export Prices by Country

In 2021, the average inulin export price amounted to $X per ton, growing by 13% against the previous year. Overall, the export price, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the United States ($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 Poland (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Inulin Imports

Imports into Italy

After five years of growth, overseas purchases of inulin decreased by -3.7% to X tons in 2021. Overall, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 34% against the previous year. Imports peaked at X tons in 2020, and then contracted modestly in the following year.

In value terms, inulin imports surged to $X in 2021. In general, imports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 19%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of inulin to Italy, with a 61% share of total imports. Moreover, inulin imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Spain (X tons) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium stood at +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+0.8% per year) and Spain (+75.2% per year).

In value terms, the largest inulin suppliers to Italy were Belgium ($X), the Netherlands ($X) and China ($X), with a combined 92% share of total imports.

Among the main suppliers, China, with a CAGR of +122.5%, saw the highest rates of growth with regard to 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

In 2021, the average inulin import price amounted to $X per ton, surging by 19% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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