Italy: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Italy

The Italian wheat and meslin flour market soared to $X in 2022, jumping by 20% against the previous year. Over the period under review, consumption continues to indicate a slight reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Wheat and Meslin Flour in Italy

In value terms, wheat and meslin flour production soared to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 39% against the previous year. Wheat and meslin flour production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Wheat and Meslin Flour

Exports from Italy

Wheat and meslin flour exports from Italy rose markedly to X tons in 2022, with an increase of 12% against 2021 figures. In general, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by 21%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, wheat and meslin flour exports surged to $X in 2022. Over the period under review, exports posted resilient growth. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

France (X tons), the United States (X tons) and Germany (X tons) were the main destinations of wheat and meslin flour exports from Italy, with a combined 38% share of total exports. The UK, Spain, Poland, Australia, Denmark, Ireland, Brazil, Austria, Romania and the Netherlands lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +37.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wheat and meslin flour exported from Italy were France ($X), the United States ($X) and Germany ($X), with a combined 40% share of total exports. The UK, Spain, Poland, Australia, Ireland, Denmark, Brazil, Austria, the Netherlands and Romania lagged somewhat behind, together comprising a further 33%.

Poland, with a CAGR of +38.6%, saw the highest growth rate of the value of exports, among 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 2022, the average wheat and meslin flour export price amounted to $X per ton, with an increase of 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per ton) and the United States ($X per ton), while the average price for exports to Denmark ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wheat and Meslin Flour

Imports into Italy

In 2022, supplies from abroad of wheat and meslin flour increased by 27% to X tons, rising for the third year in a row after three years of decline. Overall, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 146% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wheat and meslin flour imports surged to $X in 2022. Over the period under review, imports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2020 when imports increased by 80%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of wheat and meslin flour to Italy, accounting for a 57% share of total imports. Moreover, wheat and meslin flour imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. The third position in this ranking was taken by Austria (X tons), with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-11.1% per year) and Austria (-13.3% per year).

In value terms, Germany ($X) constituted the largest supplier of wheat and meslin flour to Italy, comprising 56% of total imports. The second position in the ranking was held by France ($X), with a 10% share of total imports. It was followed by the UK, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-9.2% per year) and the UK (+19.2% per year).

Import Prices by Country

The average wheat and meslin flour import price stood at $X per ton in 2022, increasing by 16% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat and meslin flour import price decreased by -0.3% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 39%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malta (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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