Italy: Cereal Flour Market Overview 2020

Cereal Flour Market Size in Italy

The market size of cereal flours decreased by -X% in Italy to $X for the third consecutive year after two years of growth. Overall, cereal flour consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the market value increased by X% y-o-y. Italy cereal flour consumption peaked at $X in 2015; however, from 2016 to 2018, consumption failed to regain its momentum.

Cereal Flour Production in Italy

In value terms, cereal flour production declined to $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Italy cereal flour production peaked at $X in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.

Cereal Flour Exports

Exports from Italy

In 2018, the exports of cereal flours decreased by -X% from Italy to X tonnes for the first time since 2012, thus ending a five-year rising trend. Over the period under review, cereal flour exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Over the period under review, cereal flour exports hit record highs at X tonnes in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

In value terms, cereal flour exports stood at $X in 2018. Overall, cereal flour exports recorded strong growth. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Italy exports peaked in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

Turkey (X tonnes) and Kazakhstan (X tonnes) represented roughly X% of total exports of cereal flours in 2018. It was distantly followed by Germany (X tonnes), creating a X% share of total exports. Argentina (X tonnes), Pakistan (X tonnes), Belgium (X tonnes), Egypt (X tonnes), the U.S. (X tonnes), France (X tonnes), Uzbekistan (X tonnes), Mexico (X tonnes) and Canada (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Uzbekistan (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest cereal flour supplier from Italy, comprising X% of global exports. The second position in the ranking was occupied by Kazakhstan ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value in Turkey amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (+X% per year) and Germany (+X% per year).

Export Prices by Country

The cereal flour export price in Italy stood at $X per tonne in 2018, rising by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the export price increased by X% year-to-year. Italy export price peaked at $X per tonne in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Canada ($X per tonne), while Kazakhstan ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Cereal Flour Imports

Imports into Italy

In 2018, the amount of cereal flours imported into Italy surged to X tonnes, with an increase of X% on the year before. Over the period under review, cereal flour imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, cereal flour imports attained their peak figure at X tonnes in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

In value terms, cereal flour imports surged to $X in 2018. In general, cereal flour imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, cereal flour imports attained their peak figure at $X in 2013; however, from 2014 to 2018, imports remained at a lower figure.

Imports by Country

Afghanistan (X tonnes) and Iraq (X tonnes) were the key importers of cereal flours in 2018, reaching near X% and X% of total imports, respectively. The following importers - Uzbekistan (X tonnes), the Netherlands (X tonnes), Angola (X tonnes), the U.S. (X tonnes), Syrian Arab Republic (X tonnes), France (X tonnes), Brazil (X tonnes), Guinea (X tonnes), Bolivia (X tonnes) and Somalia (X tonnes) - together made up X% of total imports.

From 2007 to 2018, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Guinea, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cereal flour importing markets into Italy were Iraq ($X), Afghanistan ($X) and the U.S. ($X), with a combined X% share of total imports. The Netherlands, France, Angola, Guinea, Brazil, Syrian Arab Republic, Uzbekistan, Bolivia and Somalia lagged somewhat behind, together comprising a further X saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The cereal flour import price in Italy stood at $X per tonne in 2018, growing by X% against the previous year. Overall, the cereal flour import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% year-to-year. Over the period under review, the import prices for cereal flours hit record highs at $X per tonne in 2008; however, from 2009 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the U.S. ($X per tonne), while Uzbekistan ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform