Italy: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Italy

In 2022, the Italian market for malt extract and food preparations of flour, meal, and starches was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Italy

In value terms, production of malt extract and food preparations of flour, meal, and starches declined dramatically to $X in 2022 estimated in export price. In general, production saw a moderate expansion. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, production reached the peak level of $X, and then dropped markedly in the following year.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Italy

In 2022, shipments abroad of malt extract and food preparations of flour, meal, and starches increased by 4.6% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 21%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of malt extract and food preparations of flour, meal, and starches stood at $X in 2022. Overall, exports posted buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 27% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons), Germany (X tons) and the UK (X tons) were the main destinations of exports of malt extract and food preparations of flour, meal, and starches from Italy, with a combined 34% share of total exports. The United States, Belgium, Poland, Denmark, Spain, Sweden, Australia, Romania, Austria and the Netherlands lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +43.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for malt extract and food preparations of flour, meal, and starch exported from Italy were Germany ($X), the UK ($X) and France ($X), with a combined 33% share of total exports. The United States, Poland, Belgium, Denmark, Spain, Australia, Sweden, Austria, the Netherlands and Romania lagged somewhat behind, together accounting for a further 40%.

Sweden, with a CAGR of +38.8%, saw the highest rates of growth with regard to 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

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, surging by 7.2% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2021 when the average export price increased by 11% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Romania ($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 Poland (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Italy

In 2022, supplies from abroad of malt extract and food preparations of flour, meal, and starches increased by 36% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of malt extract and food preparations of flour, meal, and starches soared to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.7% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), France (X tons) and Austria (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Italy, with a combined 77% share of total imports. Belgium, Poland, Croatia and Spain lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +50.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Austria ($X) were the largest malt extract and food preparations of flour, meal, and starch suppliers to Italy, with a combined 71% share of total imports. Belgium, Croatia, Poland and Spain lagged somewhat behind, together comprising a further 20%.

Among the main suppliers, Poland, with a CAGR of +44.3%, 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 import price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, with an increase of 4.1% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 8.4%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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