Italy: Sugar Crop Market 2024

Sugar Crop Market Size in Italy

The Italian sugar crop market rose remarkably to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Sugar Crop Production in Italy

In value terms, sugar crop production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of sugar crops in Italy rose markedly to X tons per ha, increasing by X% against 2021. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2022, the growth of the average sugar crop yield remained 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.

The sugar crop harvested area in Italy contracted slightly to X ha in 2022, therefore, remained relatively stable against the previous year's figure. Overall, the harvested area saw a abrupt downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The sugar crop harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Sugar Crop Exports

Exports from Italy

In 2022, sugar crop exports from Italy declined remarkably to X tons, reducing by X% on 2021 figures. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then declined markedly in the following year.

In value terms, sugar crop exports shrank rapidly to $X in 2022. Overall, exports recorded a deep reduction. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then shrank remarkably in the following year.

Exports by Country

Thailand (X tons) was the main destination for sugar crop exports from Italy, accounting for a X% share of total exports. Moreover, sugar crop exports to Thailand exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), sevenfold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Vietnam (X% per year).

In value terms, Thailand ($X) remains the key foreign market for sugar crops exports from Italy, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the average sugar crop export price amounted to $X per ton, waning by X% against the previous year. In general, the export price recorded a noticeable decrease. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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

Sugar Crop Imports

Imports into Italy

In 2022, approx. X tons of sugar crops were imported into Italy; jumping by X% compared with 2021. Over the period under review, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sugar crop imports soared to $X in 2022. Overall, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of sugar crop to Italy, accounting for a X% share of total imports. Moreover, sugar crop imports from Spain exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), sixfold. Malta (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (X% per year) and Malta (X% per year).

In value terms, the largest sugar crop suppliers to Italy were Spain ($X), Slovenia ($X) and France ($X), together comprising X% of total imports.

Among the main suppliers, Slovenia, with a CAGR of X%, 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

In 2022, the average sugar crop import price amounted to $X per ton, declining by X% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then declined sharply in the following year.

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

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

Source: IndexBox Platform

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