Italy - Poppy Seed - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPoppy Seed Price in Italy - 2023
Contents:
- Poppy Seed Price in Italy (CIF) - 2023
- Poppy Seed Price in Italy (FOB) - 2022
- Poppy Seed Imports in Italy
- Poppy Seed Exports in Italy
Poppy Seed Price in Italy (CIF) - 2023
The average poppy seed import price stood at $3,636 per ton in June 2023, surging by 15% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 40% against the previous month. As a result, import price reached the peak level of $4,065 per ton. From January 2023 to June 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($8,589 per ton), while the price for Hungary ($2,356 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 (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Poppy Seed Price in Italy (FOB) - 2022
In 2022, the average poppy seed export price amounted to $4,529 per ton, dropping by -23.4% against the previous year. Overall, the export price faced a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 100% against the previous year. Over the period under review, the average export prices hit record highs at $13,809 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($7,069 per ton), while the average price for exports to Greece ($2,222 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 Sweden (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.
Poppy Seed Imports in Italy
In 2022, the amount of poppy seed imported into Italy rose rapidly to 412 tons, picking up by 5.7% compared with 2021. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 9%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, poppy seed imports contracted to $1.3M in 2022. Overall, imports, however, showed a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 9.1% against the previous year.
| Import of Poppy Seed in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 839 | 407 | 334 | 384 | -22.9% |
| Turkey | 317 | 348 | 413 | 281 | -3.9% |
| Poland | 135 | 94.3 | 132 | 142 | 1.7% |
| Czech Republic | 133 | 82.6 | 163 | 140 | 1.7% |
| Austria | 157 | 136 | 155 | 122 | -8.1% |
| France | 94.7 | 86.0 | 140 | 90.7 | -1.4% |
| Hungary | N/A | 49.0 | N/A | 80.4 | 28.1% |
| Others | 91.4 | 84.7 | 67.9 | 64.1 | -11.2% |
| Total | 1,768 | 1,288 | 1,405 | 1,304 | -9.6% |
Top Suppliers of Poppy Seed to Italy in 2022:
- Netherlands (126.4 tons)
- Turkey (83.0 tons)
- Czech Republic (57.7 tons)
- Poland (51.8 tons)
- Austria (37.8 tons)
- Hungary (30.0 tons)
- France (15.7 tons)
Poppy Seed Exports in Italy
In 2022, overseas shipments of poppy seed decreased by -13.7% to 58 tons, falling for the second year in a row after two years of growth. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.5% 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 decreased by -23.3% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 106%. As a result, the exports attained the peak of 76 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, poppy seed exports contracted markedly to $262K in 2022. Overall, exports saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 54%. As a result, the exports attained the peak of $447K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Poppy Seed in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 60.4 | 198 | 219 | 165 | 39.8% |
| Belgium | 43.2 | 49.2 | 47.5 | 33.7 | -7.9% |
| Spain | 61.0 | 31.0 | 57.9 | 22.0 | -28.8% |
| United Kingdom | 36.7 | 21.3 | 8.6 | 17.4 | -22.0% |
| Sweden | 25.9 | 36.7 | 36.6 | 11.3 | -24.2% |
| Netherlands | N/A | N/A | N/A | 2.9 | 0% |
| Germany | 2.4 | 1.6 | 2.9 | 2.5 | 1.4% |
| Greece | 5.9 | 12.6 | 5.5 | 2.3 | -26.9% |
| United States | N/A | 80.4 | N/A | N/A | 0% |
| Others | 55.2 | 16.9 | 19.1 | 5.2 | -54.5% |
| Total | 291 | 447 | 397 | 262 | -3.4% |
Top Export Markets for Poppy Seed from Italy in 2022:
- France (37.8 tons)
- Belgium (4.8 tons)
- Spain (4.8 tons)
- United Kingdom (4.6 tons)
- Sweden (1.6 tons)
- Netherlands (1.1 tons)
- Greece (1.0 tons)
- Germany (1.0 tons)
This report provides an in-depth analysis of the poppy seed 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:
- FCL 296 - Poppy seed
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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