Italy: Yoghurt Market 2024

Yoghurt Market Size in Italy

The Italian yoghurt market dropped to $X in 2022, which is down by -7.5% against the previous year. Over the period under review, consumption saw a pronounced shrinkage. Yoghurt consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Yoghurt Production in Italy

In value terms, yoghurt production shrank to $X in 2022 estimated in export price. Overall, production recorded a abrupt slump. The pace of growth was the most pronounced in 2017 when the production volume increased by 53% against the previous year. Yoghurt production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Yoghurt Exports

Exports from Italy

In 2022, after two years of growth, there was significant decline in overseas shipments of yoghurt, when their volume decreased by -7.1% to X tons. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.9% against 2012 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 27%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, yoghurt exports reduced to $X in 2022. In general, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +90.6% against 2012 indices. The pace of growth was the most pronounced in 2021 when exports increased by 15% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

Malta (X tons), Slovenia (X tons) and the Netherlands (X tons) were the main destinations of yoghurt exports from Italy, with a combined 55% share of total exports. Germany, Albania, Austria, Estonia, France, Greece and Hungary lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Estonia (with a CAGR of +66.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for yoghurt exported from Italy were Albania ($X), Malta ($X) and Slovenia ($X), with a combined 51% share of total exports. Germany, Austria, the Netherlands, Greece, Estonia, France and Hungary lagged somewhat behind, together accounting for a further 30%.

In terms of the main countries of destination, Estonia, with a CAGR of +66.6%, 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 yoghurt export price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 13% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to the Netherlands ($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 Hungary (+30.9%), while the prices for the other major destinations experienced more modest paces of growth.

Yoghurt Imports

Imports into Italy

In 2022, after two years of growth, there was decline in supplies from abroad of yoghurt, when their volume decreased by -2% to X tons. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 5.4% against the previous year. Imports peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, yoghurt imports shrank to $X in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 16%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Germany (X tons), Greece (X tons) and Austria (X tons) were the main suppliers of yoghurt imports to Italy, together comprising 90% of total imports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +22.8%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X), Greece ($X) and Austria ($X) constituted the largest yoghurt suppliers to Italy, together comprising 87% of total imports.

Greece, with a CAGR of +18.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average yoghurt import price stood at $X per ton in 2022, shrinking by -4.9% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 11% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, 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 Greece ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :