Italy: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Italy

In 2022, the Italian prepared baking powder market decreased by -19.3% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Prepared baking powder consumption peaked at $X in 2021, and then dropped dramatically in the following year.

Prepared Baking Powder Production in Italy

In value terms, prepared baking powder production fell rapidly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2020 with an increase of 45%. Prepared baking powder production peaked at $X in 2021, and then dropped remarkably in the following year.

Prepared Baking Powder Exports

Exports from Italy

In 2022, overseas shipments of prepared baking powders decreased by -6.2% to X tons, falling for the second consecutive year after five years of growth. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 71% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, prepared baking powder exports reduced rapidly to $X in 2022. In general, exports recorded a noticeable reduction. The growth pace was the most rapid in 2017 with an increase of 80%. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons) was the main destination for prepared baking powder exports from Italy, with a 47% share of total exports. Moreover, prepared baking powder exports to Austria exceeded the volume sent to the second major destination, Denmark (X tons), fivefold. The third position in this ranking was taken by France (X tons), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume to Austria stood at +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+77.8% per year) and France (+17.4% per year).

In value terms, the largest markets for prepared baking powder exported from Italy were Austria ($X), Denmark ($X) and Germany ($X), with a combined 46% share of total exports.

Among the main countries of destination, Denmark, with a CAGR of +97.5%, saw the highest rates of growth with regard to 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

The average prepared baking powder export price stood at $X per ton in 2022, falling by -15.7% against the previous year. Over the period under review, the export price, however, enjoyed prominent growth. The growth pace was the most rapid in 2014 when the average export price increased by 123% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Kuwait ($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 the United Arab Emirates (+40.2%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Baking Powder Imports

Imports into Italy

After four years of growth, supplies from abroad of prepared baking powders decreased by -4.1% to X tons in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +9.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by +0.1% against 2016 indices. The growth pace was the most rapid in 2013 when imports increased by 57%. Over the period under review, imports hit record highs at X tons in 2021, and then fell modestly in the following year.

In value terms, prepared baking powder imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 71% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of prepared baking powder to Italy, accounting for a 56% share of total imports. Moreover, prepared baking powder imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+21.8% per year) and China (+21.9% per year).

In value terms, the largest prepared baking powder suppliers to Italy were China ($X), Germany ($X) and France ($X), with a combined 86% share of total imports. Austria, the Czech Republic, Spain and Belgium lagged somewhat behind, together accounting for a further 8.7%.

The Czech Republic, with a CAGR of +127.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prepared baking powder import price stood at $X per ton in 2022, growing by 24% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the average import price increased by 93%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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