Italy: Bread And Bakery Market 2024

Bread And Bakery Market Size in Italy

In 2023, the Italian bread and bakery market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market failed to regain momentum.

Bread And Bakery Production in Italy

In value terms, bread and bakery production expanded modestly to $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Bread and bakery production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Bread And Bakery Exports

Exports from Italy

For the twelfth consecutive year, Italy recorded growth in overseas shipments of bread and bakery, which increased by X% to X tons in 2023. In general, total exports indicated buoyant growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2023 and are expected to retain growth in the near future.

In value terms, bread and bakery exports surged to $X in 2023. Overall, exports saw resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in the near future.

Exports by Country

France (X tons), Germany (X tons) and the United States (X tons) were the main destinations of bread and bakery exports from Italy, with a combined X% share of total exports. The UK, Spain, the Netherlands, Poland, Belgium, Switzerland, Romania, Austria, Canada and Hungary lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bread and bakery exported from Italy were France ($X), Germany ($X) and the United States ($X), together comprising X% of total exports. The UK, Spain, Switzerland, Poland, the Netherlands, Belgium, Romania, Austria, Canada and Hungary lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bread and bakery export price stood at $X per ton in 2023, jumping by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bread And Bakery Imports

Imports into Italy

For the third year in a row, Italy recorded growth in overseas purchases of bread and bakery, which increased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked in 2023 and are likely to continue growth in years to come.

In value terms, bread and bakery imports skyrocketed to $X in 2023. Over the period under review, total imports indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), France (X tons) and Spain (X tons) were the main suppliers of bread and bakery imports to Italy, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bread and bakery suppliers to Italy were Germany ($X), France ($X) and Austria ($X), with a combined X% share of total imports. Spain, Belgium, Poland and the Netherlands lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bread and bakery import price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform