Italy - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVegetable Oils Price in Italy - 2023
Contents:
- Vegetable Oils Price in Italy (CIF) - 2023
- Vegetable Oils Price in Italy (FOB) - 2023
- Vegetable Oils Imports in Italy
- Vegetable Oils Exports in Italy
Vegetable Oils Price in Italy (CIF) - 2023
The average vegetable oils import price stood at $2,687 per ton in June 2023, with a decrease of -7.5% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 22% month-to-month. Over the period under review, average import prices reached the peak figure at $3,145 per ton in April 2023; however, from May 2023 to June 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From June 2022 to June 2023, the rate of growth in terms of prices for Greece amounted to +8.9% per month.
Vegetable Oils Price in Italy (FOB) - 2023
The average vegetable oils export price stood at $2,082 per ton in June 2023, dropping by -3.5% against the previous month. Overall, the export price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 54% month-to-month. The export price peaked at $3,133 per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was the United States ($14,978 per ton), while the average price for exports to Switzerland ($1,267 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Vegetable Oils Imports in Italy
In 2022, supplies from abroad of vegetable fats and oils decreased by -77.7% to 37K tons, falling for the second consecutive year after two years of growth. In general, imports saw a significant decline. The most prominent rate of growth was recorded in 2020 with an increase of 123%. As a result, imports attained the peak of 168K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, vegetable oils imports reduced remarkably to $92M in 2022. Overall, imports, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2020 with an increase of 93%.
| Import of Vegetable Oils in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 14.5 | 10.8 | 18.0 | 22.9 | 16.5% |
| Spain | 11.3 | 9.1 | 13.7 | 21.2 | 23.3% |
| Greece | 3.5 | 1.8 | 6.0 | 14.1 | 59.1% |
| Germany | 8.2 | 9.6 | 10.7 | 11.3 | 11.3% |
| India | 5.5 | 4.4 | 6.3 | 6.4 | 5.2% |
| France | 3.5 | 3.1 | 3.1 | 5.4 | 15.6% |
| Belgium | 4.2 | 3.4 | 5.8 | 5.4 | 8.7% |
| Malaysia | 24.0 | 83.6 | 88.3 | 0.4 | -74.5% |
| Others | 6.3 | 30.7 | 57.9 | 5.2 | -6.2% |
| Total | 81.1 | 157 | 210 | 92.2 | 4.4% |
Top Suppliers of Vegetable Oils to Italy in 2022:
- Spain (10.6K tons)
- Netherlands (10.5K tons)
- Greece (5.0K tons)
- India (2.8K tons)
- Belgium (2.1K tons)
- Germany (1.8K tons)
- France (1.3K tons)
- Malaysia (0.3K tons)
Vegetable Oils Exports in Italy
In 2022, overseas shipments of vegetable fats and oils increased by 124% to 7.5K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, vegetable oils exports soared to $20M in 2022. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Vegetable Oils in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 203 | 171 | 581 | 6,514 | 217.8% |
| Germany | 351 | 937 | 971 | 3,255 | 110.1% |
| Switzerland | 1,128 | 905 | 1,060 | 2,307 | 26.9% |
| Poland | 279 | 267 | 290 | 585 | 28.0% |
| Portugal | 253 | 313 | 334 | 535 | 28.4% |
| Austria | 28.1 | 42.2 | 248 | 506 | 162.1% |
| Hungary | 117 | 128 | 138 | 501 | 62.4% |
| Romania | 915 | 843 | 255 | 384 | -25.1% |
| Spain | 668 | 613 | 826 | 261 | -26.9% |
| Turkey | 247 | 181 | 261 | 255 | 1.1% |
| Serbia | 457 | 151 | 119 | 242 | -19.1% |
| Greece | 258 | 216 | 216 | 216 | -5.8% |
| Russia | 673 | 259 | 320 | 106 | -46.0% |
| Others | 2,115 | 2,375 | 2,796 | 3,862 | 22.2% |
| Total | 7,691 | 7,402 | 8,416 | 19,528 | 36.4% |
Top Export Markets for Vegetable Oils from Italy in 2022:
- France (3054.0 tons)
- Germany (1279.8 tons)
- Switzerland (1154.7 tons)
- Hungary (259.5 tons)
- Austria (199.6 tons)
- Portugal (148.7 tons)
- Poland (135.4 tons)
- Spain (82.0 tons)
- Romania (79.4 tons)
- Turkey (66.5 tons)
- Greece (60.2 tons)
- Serbia (48.5 tons)
- Russia (35.8 tons)
This report provides an in-depth analysis of the vegetable oils 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 10416050 - Vegetable fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)
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.
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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
- 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 VOLUME AND VALUE
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
- 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
- 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
508
This report provides an in-depth analysis of the vegetable oils market in Italy.
480
This report provides an in-depth analysis of the animal fats market in Italy.
1644
This report provides an in-depth analysis of the global vegetable oils market.
1089
This report provides an in-depth analysis of the global animal fats market.
508
This report provides an in-depth analysis of the vegetable oils market in Italy.
480
This report provides an in-depth analysis of the animal fats market in Italy.
1644
This report provides an in-depth analysis of the global vegetable oils market.
1089
This report provides an in-depth analysis of the global animal fats market.
217
In May 2023, the rate of growth reached its highest point, as it recorded a remarkable increase of 36% month-on-month. The value of vegetable oils imports also witnessed a significant expansion, reaching $7.8M in September 2023.
279
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
217
In May 2023, the rate of growth reached its highest point, as it recorded a remarkable increase of 36% month-on-month. The value of vegetable oils imports also witnessed a significant expansion, reaching $7.8M in September 2023.
279
This article provides key statistics and insights into the best import markets for vegetable oils. China leads the way, followed by Germany, Malaysia, the United States, Poland, Denmark, France, Thailand, Belgium, and the Netherlands. The global market for vegetable oils continues to expand due to factors such as increasing health consciousness and the versatility of these oils in culinary applications.
