Italy: Peach And Nectarine Market 2024

Peach And Nectarine Market Size in Italy

The Italian peach and nectarine market dropped to $X in 2021, shrinking by -9.6% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Peach and nectarine consumption peaked at $X in 2020, and then fell in the following year.

Peach And Nectarine Production in Italy

In value terms, peach and nectarine production reduced to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 42%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

The average yield of peaches and nectarines in Italy expanded rapidly to X tons per ha in 2021, increasing by 8.7% on the previous year's figure. Overall, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the yield increased by 20%. The peach and nectarine yield peaked at X tons per ha in 2016; however, from 2017 to 2021, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of peaches and nectarines were harvested in Italy; remaining constant against 2020 figures. Overall, the harvested area, however, continues to indicate a slight descent. The pace of growth appeared the most rapid in 2013 when the harvested area increased by 6.8% against the previous year. As a result, the harvested area reached the peak level of X ha. From 2014 to 2021, the growth of the peach and nectarine harvested area remained at a lower figure.

Peach And Nectarine Exports

Exports from Italy

In 2021, shipments abroad of peaches and nectarines increased by 25% to X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, exports, however, saw a deep slump. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, peach and nectarine exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a abrupt decline. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for peach and nectarine exports from Italy, accounting for a 35% share of total exports. Moreover, peach and nectarine exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at -14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-7.6% per year) and the Czech Republic (-8.8% per year).

In value terms, Germany ($X) remains the key foreign market for peach and nectarine exports from Italy, comprising 35% of total exports. The second position in the ranking was taken by Austria ($X), with a 13% share of total exports. It was followed by Switzerland, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-2.2% per year) and Switzerland (-2.2% per year).

Export Prices by Country

The average peach and nectarine export price stood at $X per ton in 2021, increasing by 4.3% against the previous year. In general, the export price recorded a prominent expansion. The growth pace was the most rapid in 2020 an increase of 70% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2021, the countries with the highest prices were Switzerland ($X per ton) and Austria ($X per ton), while the average price for exports to the Czech Republic ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Peach And Nectarine Imports

Imports into Italy

In 2021, imports of peaches and nectarines into Italy dropped to X tons, falling by -6.7% against the previous year. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +4.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 33%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, peach and nectarine imports rose rapidly to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +45.5% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 39%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest peach and nectarine supplier to Italy, with a 86% share of total imports. Moreover, peach and nectarine imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.4% per year) and Germany (+3.7% per year).

In value terms, Spain ($X) constituted the largest supplier of peach and nectarine to Italy, comprising 88% of total imports. The second position in the ranking was held by France ($X), with a 5.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.9% per year) and Germany (+8.7% per year).

Import Prices by Country

In 2021, the average peach and nectarine import price amounted to $X per ton, with an increase of 13% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 24%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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