Italy: Vegetable Product Market 2024

Vegetable Product Market Size in Italy

In 2022, the Italian vegetable product market increased by X% to $X, rising for the sixth year in a row after two years of decline. Over the period under review, consumption posted a resilient expansion. Vegetable product consumption peaked in 2022 and is likely to see steady growth in years to come.

Vegetable Product Production in Italy

In value terms, vegetable product production expanded modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Vegetable product production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

The average yield of vegetable products in Italy stood at X tons per ha in 2022, leveling off at the previous year. In general, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the yield increased by X%. Over the period under review, the average vegetable product yield attained the maximum level at X tons per ha in 2020; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the vegetable product harvested area in Italy shrank modestly to X ha, standing approx. at the previous year. Overall, the harvested area recorded a slight contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the harvested area dedicated to vegetable product production attained the maximum at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

Vegetable Product Exports

Exports from Italy

In 2022, the amount of vegetable products exported from Italy dropped modestly to X tons, with a decrease of X% against 2021. Over the period under review, exports, however, saw a tangible expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then fell in the following year.

In value terms, vegetable product exports surged to $X in 2022. Overall, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Thailand (X tons), Switzerland (X tons) and Spain (X tons) were the main destinations of vegetable product exports from Italy, with a combined X% share of total exports. Sweden, Taiwan (Chinese), France, Hungary, Vietnam, Tunisia, Germany and the Netherlands lagged somewhat behind, together comprising a further X%.

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

In value terms, Switzerland ($X) remains the key foreign market for vegetable products exports from Italy, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Sweden, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Sweden (X% per year).

Export Prices by Country

In 2022, the average vegetable product export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Product Imports

Imports into Italy

For the fourth consecutive year, Italy recorded growth in supplies from abroad of vegetable products, which increased by X% to X tons in 2022. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, vegetable product imports surged to $X in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest vegetable product supplier to Italy, accounting for a X% share of total imports. Moreover, vegetable product imports from Spain exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. The third position in this ranking was held by Morocco (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Morocco (X% per year).

In value terms, the largest vegetable product suppliers to Italy were Morocco ($X), Spain ($X) and Portugal ($X), with a combined X% share of total imports. Algeria, Turkey, Greece, Cyprus, France and China lagged somewhat behind, together accounting for a further X%.

Algeria, with a CAGR of X%, 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

The average vegetable product import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price recorded a prominent increase. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform

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