Italy: Chestnut Market 2024

Chestnut Market Size in Italy

For the third consecutive year, the Italian chestnut market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption showed a perceptible decline. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Chestnut Production in Italy

In value terms, chestnut production stood at $X in 2022 estimated in export price. Overall, production, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Chestnut production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The average yield of chestnuts in Italy expanded markedly to X tons per ha in 2022, with an increase of X% compared with the year before. In general, the yield, however, recorded a deep slump. The growth pace was the most rapid in 2020 with an increase of X%. The chestnut yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of chestnuts in Italy amounted to X ha, remaining constant against 2021 figures. Over the period under review, the total harvested area indicated pronounced growth from 2012 to 2022: its figure 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, chestnut harvested area decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the harvested area dedicated to chestnut production reached the maximum at X ha in 2020; afterwards, it flattened through to 2022.

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Chestnut Exports

Exports from Italy

In 2022, approx. X tons of chestnuts were exported from Italy; with an increase of X% compared with the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, chestnut exports dropped to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), Switzerland (X tons) and Austria (X tons) were the main destinations of chestnut exports from Italy, together comprising X% of total exports. France, the United States, the UK, Spain, Canada, Portugal, Croatia and Slovenia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chestnut exported from Italy were Germany ($X), Switzerland ($X) and Austria ($X), together comprising X% of total exports. The United States, France, Canada, the UK, Spain, Portugal, Croatia and Slovenia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Portugal, 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

In 2022, the average chestnut export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 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 failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Slovenia ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chestnut Imports

Imports into Italy

In 2022, the amount of chestnuts imported into Italy declined to X tons, which is down by X% against the previous year. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, chestnut imports fell sharply to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of chestnut to Italy, with a X% share of total imports. Moreover, chestnut imports from Turkey exceeded the figures recorded by the second-largest supplier, Greece (X tons), threefold. Spain (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and Spain (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of chestnuts to Italy, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Greece, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Greece (X% per year).

Import Prices by Country

The average chestnut import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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