Italy: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Italy

For the fourth year in a row, the Italian sweet biscuit market recorded decline in sales value, which decreased by -16.4% to $X in 2021. Over the period under review, consumption showed a noticeable downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Sweet Biscuit Production in Italy

In value terms, sweet biscuit production fell to $X in 2021 estimated in export price. Overall, production recorded a mild reduction. The growth pace was the most rapid in 2013 with an increase of 39% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Sweet Biscuit Exports

Exports from Italy

For the third year in a row, Italy recorded growth in shipments abroad of sweet biscuits, which increased by 15% to X tons in 2021. Overall, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% 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 +19.2% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, sweet biscuit exports skyrocketed to $X in 2021. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.7% 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 +73.8% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for sweet biscuit exports from Italy, accounting for a 18% share of total exports. Moreover, sweet biscuit exports to Germany exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+7.9% per year) and the United States (+9.1% per year).

In value terms, Germany ($X), France ($X) and the United States ($X) were the largest markets for sweet biscuit exported from Italy worldwide, together comprising 31% of total exports. Poland, the UK, Australia, Spain, Switzerland, Romania, Canada, Slovenia, Sweden and Turkey lagged somewhat behind, together accounting for a further 29%.

Poland, with a CAGR of +31.8%, recorded the highest rates of growth with regard to 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

In 2021, the average sweet biscuit export price amounted to $X per ton, picking up by 9.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while the average price for exports to Turkey ($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 Australia (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Sweet Biscuit Imports

Imports into Italy

In 2021, approx. X tons of sweet biscuits were imported into Italy; picking up by 15% on the year before. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 20%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, sweet biscuit imports soared to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

France (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of sweet biscuit imports to Italy, with a combined 61% share of total imports. Spain, the Czech Republic, Austria, Poland, Belgium, Denmark, the UK and Portugal lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +10.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sweet biscuit suppliers to Italy were France ($X), Germany ($X) and the Netherlands ($X), with a combined 66% share of total imports. These countries were followed by Spain, Austria, Poland, the Czech Republic, Belgium, Denmark, the UK and Portugal, which together accounted for a further 30%.

Austria, with a CAGR of +17.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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 sweet biscuit import price amounted to $X per ton, picking up by 8.8% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 11% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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