Italy: Cereal Germ Market 2024

Cereal Germ Market Size in Italy

The Italian cereal germ market expanded sharply to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Cereal Germ Production in Italy

In value terms, cereal germ production soared to $X in 2022 estimated in export price. Overall, production, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Cereal germ production peaked in 2022 and is likely to continue growth in the immediate term.

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Cereal Germ Exports

Exports from Italy

In 2022, after three years of growth, there was significant decline in overseas shipments of cereal germ, when their volume decreased by X% to X tons. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then dropped notably in the following year.

In value terms, cereal germ exports contracted remarkably to $X in 2022. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then declined markedly in the following year.

Exports by Country

Spain (X tons) was the main destination for cereal germ exports from Italy, accounting for a X% share of total exports. Moreover, cereal germ exports to Spain exceeded the volume sent to the second major destination, France (X tons), sixfold. The third position in this ranking was held by the UK (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the UK (X% per year).

In value terms, Spain ($X) remains the key foreign market for cereal germ exports from Italy, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average cereal germ export price amounted to $X per ton, dropping by X% against the previous year. Overall, the export price saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Switzerland ($X 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 Spain (X%), while the prices for the other major destinations experienced a decline.

Cereal Germ Imports

Imports into Italy

Cereal germ imports into Italy expanded modestly to X tons in 2022, surging by X% compared with 2021. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, cereal germ imports soared to $X in 2022. In general, total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Austria (X tons), Hungary (X tons) and Spain (X tons) were the main suppliers of cereal germ imports to Italy, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest cereal germ suppliers to Italy were Austria ($X), Hungary ($X) and Spain ($X), with a combined X% share of total imports.

In terms of the main suppliers, Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average cereal germ import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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