Latest Report Update: May 26, 2023
Italy - Rennet And Concentrates Thereof - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: May 26, 2023
Italy's Rennet Price Grows Markedly to $23.7 per kg
Italy Rennet Import Price in February 2023
In February 2023, the rennet price stood at $23,676 per ton (CIF, Italy), with an increase of 10% against the previous month. Over the period under review, import price indicated slight growth from February 2022 to February 2023: its price increased at an average monthly rate of +1.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, rennet import price increased by +39.0% against November 2022 indices. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 78% month-to-month. The import price peaked at $28,066 per ton in May 2022; however, from June 2022 to February 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Denmark ($25,735 per ton), while the price for Turkey amounted to $2,954 per ton.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by France (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.
| COUNTRY | Import Price of Rennet in Italy (USD per ton) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | |
| Denmark | 20,623 | 27,159 | 19,359 | 27,466 | 13,038 | 23,427 | 14,515 | 20,502 | 25,176 | 16,172 | 25,812 | 21,490 | 25,735 |
| Turkey | 5,781 | 2,865 | < 0.1 | < 0.1 | 3,100 | 1,425 | 2,819 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | < 0.1 | 2,954 |
| France | 16,183 | 16,718 | 5,939 | 9,910 | 13,426 | 16,300 | 17,405 | 15,896 | < 0.1 | 18,495 | 19,755 | < 0.1 | < 0.1 |
| Average | 19,653 | 24,710 | 19,050 | 28,066 | 12,417 | 22,087 | 13,844 | 20,228 | 27,507 | 17,031 | 25,527 | 21,493 | 23,676 |
Italy Rennet Imports
In February 2023, imports of rennet and concentrates thereof into Italy fell remarkably to 32 tons, which is down by -26.3% against the previous month. Overall, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in July 2022 when imports increased by 65% against the previous month. As a result, imports reached the peak of 73 tons. From August 2022 to February 2023, the growth of imports failed to regain momentum.
In value terms, rennet imports contracted remarkably to $756K (IndexBox estimates) in February 2023. Over the period under review, imports recorded a noticeable descent. The most prominent rate of growth was recorded in July 2022 when imports increased by 194% month-to-month. As a result, imports reached the peak of $1.6M. From August 2022 to February 2023, the growth of imports remained at a somewhat lower figure.
Italy Rennet Imports by Country
In February 2023, Denmark (29 tons) was the main supplier of rennet to Italy, accounting for a 91% share of total imports. Moreover, rennet imports from Denmark exceeded the figures recorded by the second-largest supplier, Turkey (3 tons), tenfold.
From February 2022 to February 2023, the average monthly rate of growth in terms of volume from Denmark stood at -4.1%.
In value terms, Denmark ($744K) constituted the largest supplier of rennet to Italy, comprising 98% of total imports. The second position in the ranking was taken by Turkey ($8.9K), with a 1.2% share of total imports.
From February 2022 to February 2023, the average monthly growth rate of value from Denmark amounted to -2.3%.
This report provides an in-depth analysis of the rennet market in Italy. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 20146450 - Rennet and concentrates thereof
Country coverage:
• Italy
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Italy
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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