Non-Liquid Margarine Price in Italy - 2023
Contents:
- Non-Liquid Margarine Price in Italy (FOB) - 2023
- Non-Liquid Margarine Price in Italy (CIF) - 2023
- Non-Liquid Margarine Exports in Italy
- Non-Liquid Margarine Imports in Italy
Non-Liquid Margarine Price in Italy (FOB) - 2023
In June 2023, the average non-liquid margarine export price amounted to $1,979 per ton, standing approximately at the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in July 2022 when the average export price increased by 6.8% month-to-month. Over the period under review, the average export prices hit record highs at $2,061 per ton in January 2023; however, from February 2023 to June 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In June 2023, the highest price was recorded for prices to Greece ($2,459 per ton) and the Czech Republic ($2,302 per ton), while the average price for exports to Spain ($1,841 per ton) and Germany ($1,859 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Liquid Margarine Price in Italy (CIF) - 2023
The average non-liquid margarine import price stood at $2,219 per ton in June 2023, reducing by -5.3% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 7.6% m-o-m. The import price peaked at $2,440 per ton in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($3,284 per ton), while the price for Belgium ($2,048 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Exports in Italy
In 2022, non-liquid margarine exports from Italy expanded slightly to 37K tons, increasing by 2.1% compared with the previous year. Over the period under review, exports, however, continue to indicate a slight decrease. The growth pace was the most rapid in 2021 when exports increased by 4.9%.
In value terms, non-liquid margarine exports skyrocketed to $68M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.7% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Non-Liquid Margarine in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 6.6 | 6.4 | 9.7 | 12.3 | 23.1% |
| Hungary | 2.2 | 3.4 | 4.8 | 8.5 | 56.9% |
| Czech Republic | 2.5 | 2.0 | 2.8 | 4.7 | 23.4% |
| Portugal | 1.7 | 2.1 | 3.2 | 4.4 | 37.3% |
| Greece | 2.1 | 1.6 | 1.8 | 3.2 | 15.1% |
| Poland | 2.7 | 1.7 | 2.5 | 3.0 | 3.6% |
| Romania | 0.8 | 0.8 | 1.4 | 2.6 | 48.1% |
| France | 2.8 | 2.8 | 3.6 | 2.5 | -3.7% |
| Chile | 1.3 | 0.9 | 2.1 | 2.2 | 19.2% |
| Serbia | 1.8 | 1.7 | 2.0 | 2.1 | 5.3% |
| Peru | 0.7 | 1.1 | 1.0 | 2.1 | 44.2% |
| Croatia | 1.7 | 1.3 | 1.5 | 2.1 | 7.3% |
| Malta | 0.9 | 0.8 | 1.1 | 1.9 | 28.3% |
| Others | 14.6 | 12.8 | 14.0 | 16.8 | 4.8% |
| Total | 42.5 | 39.3 | 51.7 | 68.3 | 17.1% |
Top Export Markets for Non-Liquid Margarine from Italy in 2022:
- Spain (7.1K tons)
- Hungary (4.5K tons)
- Portugal (2.7K tons)
- Czech Republic (2.6K tons)
- Poland (1.7K tons)
- Greece (1.6K tons)
- Romania (1.3K tons)
- France (1.3K tons)
- Serbia (1.2K tons)
- Peru (1.1K tons)
- Croatia (1.1K tons)
- Malta (1.0K tons)
- Chile (1.0K tons)
Non-Liquid Margarine Imports in Italy
In 2022, non-liquid margarine imports into Italy surged to 21K tons, jumping by 33% on the previous year's figure. Overall, imports, however, continue to indicate a relatively flat trend pattern.
In value terms, non-liquid margarine imports skyrocketed to $45M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Non-Liquid Margarine in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 11.5 | 7.1 | 8.5 | 12.5 | 2.8% |
| France | 6.6 | 7.4 | 6.7 | 12.2 | 22.7% |
| Belgium | 6.9 | 4.8 | 6.7 | 8.7 | 8.0% |
| Spain | 2.2 | 1.3 | 1.9 | 7.8 | 52.5% |
| Denmark | 0.1 | 0.4 | 0.6 | 1.2 | 128.9% |
| Netherlands | 1.3 | 0.8 | 1.2 | 1.1 | -5.4% |
| Germany | 1.9 | 1.7 | 2.1 | 0.9 | -22.0% |
| Others | 0.5 | 0.2 | 0.5 | 0.4 | -7.2% |
| Total | 31.0 | 23.7 | 28.4 | 44.8 | 13.1% |
Top Suppliers of Non-Liquid Margarine to Italy in 2022:
- France (5.9K tons)
- Austria (5.4K tons)
- Belgium (4.5K tons)
- Spain (3.9K tons)
- Denmark (0.6K tons)
- Netherlands (0.5K tons)
- Germany (0.4K tons)
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