Price for Vegetable Products Not Elsewhere Specified or Included in Italy - 2024
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in Italy (CIF) - 2024
- Price for Vegetable Products Not Elsewhere Specified or Included in Italy (FOB) - 2022
- Imports of Vegetable Products Not Elsewhere Specified or Included in Italy
- Exports of Vegetable Products Not Elsewhere Specified or Included in Italy
Price for Vegetable Products Not Elsewhere Specified or Included in Italy (CIF) - 2024
The average import price for vegetable products not elsewhere specified or includeds stood at $1,860 per ton in August 2023, growing by 30% against the previous month. Over the period under review, the import price, however, showed a deep setback. The import price peaked at $2,717 per ton in January 2023; however, from February 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was China ($6,315 per ton), while the price for Egypt ($417 per ton) was amongst the lowest.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetable Products Not Elsewhere Specified or Included in Italy (FOB) - 2022
The average export price for vegetable products not elsewhere specified or includeds stood at $1,316 per ton in 2022, waning by -16.3% against the previous year. In general, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 53%. The export price peaked at $2,811 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
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 Spain ($2,566 per ton), while the average price for exports to Norway ($684 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 (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetable Products Not Elsewhere Specified or Included in Italy
In 2022, approx. 9.6K tons of vegetable products not elsewhere specified or includeds were imported into Italy; increasing by 3.4% on 2021 figures. The total import volume increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of vegetable products not elsewhere specified or includeds expanded rapidly to $16M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.8% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Vegetable Products Not Elsewhere Specified or Included in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 3,624 | 3,091 | 4,119 | 4,426 | 6.9% |
| Brazil | 866 | 1,133 | 921 | 1,882 | 29.5% |
| France | 725 | 905 | 1,526 | 1,364 | 23.5% |
| China | 1,628 | 1,070 | 2,402 | 1,294 | -7.4% |
| Germany | 488 | 541 | 1,099 | 1,270 | 37.6% |
| Turkey | 143 | 257 | 256 | 452 | 46.8% |
| Netherlands | 335 | 402 | 414 | 355 | 2.0% |
| Austria | 99.0 | 133 | 115 | 324 | 48.5% |
| Spain | 520 | 462 | 358 | 300 | -16.8% |
| Romania | 101 | 180 | N/A | 254 | 36.0% |
| Egypt | 40.4 | 14.1 | 63.3 | 180 | 64.5% |
| India | 259 | 64.3 | 936 | 173 | -12.6% |
| Greece | 0.8 | 56.7 | N/A | 171 | 497.9% |
| Others | 1,130 | 1,699 | 2,020 | 3,468 | 45.3% |
| Total | 9,959 | 10,007 | 14,229 | 15,913 | 16.9% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Italy in 2022:
- France (2445.3 tons)
- Peru (2431.7 tons)
- Brazil (1519.5 tons)
- Egypt (421.2 tons)
- Netherlands (408.1 tons)
- Romania (406.8 tons)
- Germany (387.8 tons)
- China (265.0 tons)
- Greece (177.5 tons)
- Austria (149.7 tons)
- Turkey (140.9 tons)
- Spain (124.5 tons)
- India (74.8 tons)
Exports of Vegetable Products Not Elsewhere Specified or Included in Italy
In 2022, overseas shipments of vegetable products not elsewhere specified or includeds decreased by -17.5% to 3.5K tons, falling for the second year in a row after two years of growth. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 41% against the previous year. As a result, the exports attained the peak of 6.1K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of vegetable products not elsewhere specified or includeds reduced sharply to $4.6M in 2022. Overall, exports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year.
| Export of Vegetable Products Not Elsewhere Specified or Included in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 420 | 595 | 1,560 | 927 | 30.2% |
| Austria | 731 | 641 | 1,150 | 628 | -4.9% |
| Belgium | 113 | 105 | 234 | 397 | 52.0% |
| Germany | 312 | 300 | 462 | 360 | 4.9% |
| Russia | 268 | 156 | 126 | 262 | -0.8% |
| Netherlands | 132 | 236 | 176 | 217 | 18.0% |
| United States | 1,426 | 2,334 | 465 | 206 | -47.5% |
| Switzerland | 93.2 | 274 | 310 | 193 | 27.5% |
| Norway | 51.3 | 71.3 | 196 | 139 | 39.4% |
| Spain | 80.4 | 227 | 170 | 113 | 12.0% |
| Poland | 33.3 | 95.5 | 271 | 98.8 | 43.7% |
| Greece | 145 | 49.0 | 95.5 | 87.2 | -15.6% |
| Japan | 261 | 15.7 | 28.6 | 38.6 | -47.1% |
| Others | 880 | 1,171 | 1,206 | 900 | 0.8% |
| Total | 4,947 | 6,271 | 6,451 | 4,567 | -2.6% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Italy in 2022:
- France (1065.9 tons)
- Russia (360.9 tons)
- Germany (311.5 tons)
- United States (211.7 tons)
- Norway (203.3 tons)
- Netherlands (200.7 tons)
- Belgium (192.7 tons)
- Switzerland (182.5 tons)
- Poland (80.4 tons)
- Greece (64.9 tons)
- Austria (46.4 tons)
- Spain (44.2 tons)
- Japan (43.4 tons)
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