Italy: Sugar Market 2022

Sugar Market Size in Italy

The Italian sugar market was estimated at $X in 2021, surging by 2.4% against the previous year. Over the period under review, consumption, however, showed a drastic downturn. Sugar consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Sugar Production in Italy

In value terms, sugar production amounted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2019 with an increase of 92%. Sugar production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

In 2021, the average yield of sugar in Italy was estimated at less than X kg per ha, therefore, remained relatively stable against 2020 figures. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of sugar production in Italy totaled less than X ha, approximately equating the previous year's figure. In general, the harvested area recorded a relatively flat trend pattern.

Sugar Exports

Exports from Italy

In 2021, the amount of sugar exported from Italy fell rapidly to X tons, dropping by -24.1% compared with the year before. In general, exports showed a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of 138%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, sugar exports contracted to $X in 2021. Over the period under review, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 142%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for sugar exports from Italy, with a 38% share of total exports. Moreover, sugar exports to France exceeded the volume sent to the second major destination, Austria (X tons), threefold. The third position in this ranking was held by Hungary (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+8.6% per year) and Hungary (+26.1% per year).

In value terms, France ($X) remains the key foreign market for sugar exports from Italy, comprising 41% of total exports. The second position in the ranking was taken by Austria ($X), with a 9% share of total exports. It was followed by Hungary, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+2.4% per year) and Hungary (+16.7% per year).

Export Prices by Country

The average sugar export price stood at $X per ton in 2021, picking up by 21% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 75% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Greece ($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 Germany (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Imports

Imports into Italy

Sugar imports into Italy stood at X tons in 2021, with an increase of 1.5% compared with the previous year's figure. Overall, imports, however, continue to indicate a slight decrease. The pace of growth was the most pronounced in 2016 when imports increased by 5.9%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, sugar imports amounted to $X in 2021. Over the period under review, imports, however, saw a deep contraction. The pace of growth was the most pronounced in 2016 when imports increased by 21% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of sugar imports to Italy, together comprising 71% of total imports. Belize, Guatemala, Croatia, Mauritius, Fiji, South Africa, Mozambique, Belgium and Swaziland lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were in South Africa (with a CAGR of +67.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of sugar to Italy, comprising 41% of total imports. The second position in the ranking was taken by France ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-11.0% per year) and the Netherlands (+26.1% per year).

Import Prices by Country

In 2021, the average sugar import price amounted to $X per ton, leveling off at the previous year. In general, the import price, however, saw a deep setback. The growth pace was the most rapid in 2020 an increase of 14%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Fiji (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform