Italy: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Italy

For the third consecutive year, the Italian rusks and toasted bread market recorded growth in sales value, which increased by 12% to $X in 2021. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Rusks, Toasted Bread and Similar Toasted Products in Italy

In value terms, rusks and toasted bread production expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 14% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Italy

In 2021, the amount of rusks, toasted bread and similar toasted products exported from Italy amounted to X tons, with an increase of 5.3% compared with the previous year. The total export volume increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by 8.1%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, rusks and toasted bread exports expanded significantly to $X in 2021. The total export value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 14% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The Netherlands (X tons), France (X tons) and the UK (X tons) were the main destinations of rusks and toasted bread exports from Italy, with a combined 34% share of total exports. Spain, the United States, Belgium, Romania, Germany, Portugal, Japan, Greece, Croatia and Slovenia lagged somewhat behind, together comprising a further 47%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +12.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rusks and toasted bread exported from Italy were France ($X), the Netherlands ($X) and Spain ($X), together accounting for 33% of total exports. These countries were followed by the United States, the UK, Germany, Belgium, Romania, Portugal, Greece, Japan, Slovenia and Croatia, which together accounted for a further 45%.

Romania, with a CAGR of +13.0%, recorded the highest growth rate of 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

The average rusks and toasted bread export price stood at $X per ton in 2021, surging by 7.6% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 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 United States ($X per ton), while the average price for exports to Romania ($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 Greece (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Italy

In 2021, supplies from abroad of rusks, toasted bread and similar toasted products increased by 24% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a slight contraction. The pace of growth was the most pronounced in 2020 with an increase of 28% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, rusks and toasted bread imports surged to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.5% 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 +74.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), France (X tons) and Spain (X tons) were the main suppliers of rusks and toasted bread imports to Italy, together comprising 78% of total imports. These countries were followed by Romania, the Netherlands, Austria, Greece, South Korea, Belgium and the UK, which together accounted for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +25.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rusks and toasted bread suppliers to Italy were Germany ($X), France ($X) and Spain ($X), together comprising 77% of total imports. The Netherlands, Austria, Greece, Romania, South Korea, Belgium and the UK lagged somewhat behind, together comprising a further 13%.

In terms of the main suppliers, South Korea, with a CAGR of +23.5%, 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 rusks and toasted bread import price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rusks and toasted bread import price increased by +41.3% against 2014 indices. The pace of growth appeared the most rapid in 2018 an increase of 26%. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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