Italy: Whole Fresh Milk Market 2024

Whole Fresh Milk Market Size in Italy

The Italian whole fresh milk market shrank modestly to $X in 2022, therefore, remained relatively stable against the previous year. Overall, consumption showed a mild decline. Whole fresh milk consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Whole Fresh Milk Production in Italy

In value terms, whole fresh milk production declined modestly to $X in 2022 estimated in export price. In general, production continues to indicate a mild decline. The growth pace was the most rapid in 2018 with an increase of 20%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Whole Fresh Milk Exports

Exports from Italy

In 2022, after two years of growth, there was significant decline in shipments abroad of whole fresh milk, when their volume decreased by -10.4% to X tons. In general, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 65%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, whole fresh milk exports declined to $X in 2022. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 70%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Libya (X tons), Germany (X tons) and Greece (X tons) were the main destinations of whole fresh milk exports from Italy, together accounting for 49% of total exports. Austria, Albania, Malta, South Korea, South Africa, the United Arab Emirates, Slovenia and China lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +142.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Libya ($X), Greece ($X) and Austria ($X) were the largest markets for whole fresh milk exported from Italy worldwide, together comprising 49% of total exports. Germany, Albania, Malta, South Korea, the United Arab Emirates, South Africa, China and Slovenia lagged somewhat behind, together comprising a further 40%.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +119.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average whole fresh milk export price stood at $X per ton in 2022, rising by 3.9% against the previous year. In general, the export price, however, continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2018 an increase of 9.6% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Germany ($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 South Africa (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Whole Fresh Milk Imports

Imports into Italy

Whole fresh milk imports into Italy dropped to X tons in 2022, with a decrease of -7.7% compared with the previous year's figure. In general, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 6%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, whole fresh milk imports expanded sharply to $X in 2022. Over the period under review, imports saw a abrupt shrinkage. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Slovenia (X tons), Austria (X tons) and France (X tons) were the main suppliers of whole fresh milk imports to Italy, together accounting for 66% of total imports. Germany, Slovakia, the Czech Republic, Spain and Hungary lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +18.8%), while imports for the other leaders experienced a decline.

In value terms, the largest whole fresh milk suppliers to Italy were Austria ($X), France ($X) and Slovenia ($X), together comprising 65% of total imports. Germany, the Czech Republic, Slovakia, Spain and Hungary lagged somewhat behind, together accounting for a further 32%.

Among the main suppliers, Spain, with a CAGR of +16.0%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average whole fresh milk import price amounted to $X per ton, growing by 22% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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