Italy: Durum Wheat Market 2024

Durum Wheat Market Size in Italy

In 2022, the Italian durum wheat market decreased by X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Durum Wheat Production in Italy

In value terms, durum wheat production shrank slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

The average yield of durum wheat in Italy totaled X tons per ha in 2022, flattening at the year before. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X% against the previous year. The durum wheat yield peaked at X tons per ha in 2012; however, from 2013 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 total area harvested in terms of durum wheat production in Italy shrank slightly to X ha, stabilizing at 2021. Over the period under review, the harvested area showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to durum wheat production reached the maximum at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

Durum Wheat Exports

Exports from Italy

In 2022, shipments abroad of durum wheat increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports continue to indicate a notable expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, durum wheat exports surged to $X in 2022. Overall, exports saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Algeria (X tons), Tunisia (X tons) and France (X tons) were the main destinations of durum wheat exports from Italy, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for durum wheat exported from Italy were Algeria ($X), Tunisia ($X) and France ($X), together comprising X% of total exports.

In terms of the main countries of destination, Algeria, 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 mixed trend patterns.

Export Prices by Country

The average durum wheat export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price enjoyed strong growth. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Tunisia ($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 Algeria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Durum Wheat Imports

Imports into Italy

In 2022, purchases abroad of durum wheat decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its volume 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, durum wheat imports rose markedly to $X in 2022. Overall, total imports indicated a noticeable 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 2018 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Canada (X tons), France (X tons) and Greece (X tons) were the main suppliers of durum wheat imports to Italy, with a combined X% share of total imports. Australia, the United States, Kazakhstan and Austria lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest durum wheat suppliers to Italy were Canada ($X), France ($X) and Greece ($X), with a combined X% share of total imports. Australia, the United States, Kazakhstan and Austria lagged somewhat behind, together accounting for a further X%.

Austria, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 durum wheat import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price 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, durum wheat import price increased by X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Kazakhstan ($X per ton) and Canada ($X per ton), while the price for Austria ($X per ton) and Greece ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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