Italy: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Italy

The Italian market for protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021, with an increase of 16% against the previous year. In general, consumption, however, recorded a deep reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Italy

In value terms, production of protein concentrates and flavoured or coloured sugar syrups totaled $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of 41% against the previous year. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Italy

Exports of protein concentrates and flavoured or coloured sugar syrups from Italy skyrocketed to X tons in 2021, growing by 19% compared with 2020 figures. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when exports increased by 26%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021. Over the period under review, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +53.4% against 2016 indices. The pace of growth appeared the most rapid in 2014 with an increase of 49%. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

France (X tons), the Netherlands (X tons) and Spain (X tons) were the main destinations of exports of protein concentrates and flavoured or coloured sugar syrups from Italy, together accounting for 37% of total exports. These countries were followed by Germany, Israel, Denmark, Turkey, the UK, Russia, China, the United States, Austria and Greece, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +66.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for protein concentrate and flavoured or coloured sugar syrup exported from Italy were the Netherlands ($X), Spain ($X) and Germany ($X), together comprising 32% of total exports. These countries were followed by France, China, Israel, the UK, the United States, Russia, Greece, Turkey, Austria and Denmark, which together accounted for a further 42%.

Among the main countries of destination, China, with a CAGR of +81.2%, 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 2021, the average export price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, rising by 4.6% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for protein concentrates and flavoured or coloured sugar syrups increased by +77.2% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 52%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Denmark ($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 the UK (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Italy

In 2021, purchases abroad of protein concentrates and flavoured or coloured sugar syrups was finally on the rise to reach X tons after four years of decline. In general, imports recorded temperate growth. The most prominent rate of growth was recorded in 2013 when imports increased by 82% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2021. Over the period under review, total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +17.1% against 2015 indices. The growth pace was the most rapid in 2014 when imports increased by 33%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

France (X tons), Serbia (X tons) and the Netherlands (X tons) were the main suppliers of imports of protein concentrates and flavoured or coloured sugar syrups to Italy, with a combined 54% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +31.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest protein concentrate and flavoured or coloured sugar syrup suppliers to Italy were France ($X), the Netherlands ($X) and Germany ($X), with a combined 45% share of total imports. These countries were followed by Spain, Belgium, Serbia and Austria, which together accounted for a further 35%.

Among the main suppliers, Serbia, with a CAGR of +36.8%, recorded 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

The average import price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, dropping by -12.9% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 72%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Serbia ($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 (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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