Italy: Market for Fresh Or Chilled Anchovies 2024

Market Size for Fresh Or Chilled Anchovies in Italy

The Italian fresh or chilled anchovies market reduced notably to $X in 2022, which is down by X% against the previous year. Overall, consumption saw a sharp setback. Fresh or chilled anchovies consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Fresh Or Chilled Anchovies in Italy

In value terms, fresh or chilled anchovies production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Fresh or chilled anchovies production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Exports of Fresh Or Chilled Anchovies

Exports from Italy

In 2022, shipments abroad of fresh or chilled anchovieses increased by X% to X tons, rising for the third year in a row after four years of decline. Overall, exports, however, saw a noticeable setback. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, fresh or chilled anchovies exports expanded remarkably to $X in 2022. Over the period under review, total exports indicated moderate growth 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Spain (X tons), Germany (X tons) and Croatia (X tons) were the main destinations of fresh or chilled anchovies exports from Italy, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and France ($X) appeared to be the largest markets for fresh or chilled anchovies exported from Italy worldwide, with a combined X% share of total exports. The Netherlands, Croatia, Albania, Greece and Austria lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Albania, 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 fresh or chilled anchovies export price stood at $X per ton in 2022, waning by X% against the previous year. In general, export price indicated a strong expansion 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, fresh or chilled anchovies export price increased by X% against 2020 indices. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then shrank in the following year.

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

Imports of Fresh Or Chilled Anchovies

Imports into Italy

Fresh or chilled anchovies imports into Italy dropped sharply to X tons in 2022, falling by X% against 2021. Over the period under review, imports showed a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, fresh or chilled anchovies imports reduced sharply to $X in 2022. Overall, imports showed a noticeable slump. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then contracted notably in the following year.

Imports by Country

Spain (X tons), Croatia (X tons) and Greece (X tons) were the main suppliers of fresh or chilled anchovies 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 Greece (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

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

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

Import Prices by Country

The average fresh or chilled anchovies import price stood at $X per ton in 2022, approximately mirroring the previous year. In general, import price indicated a noticeable expansion 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, fresh or chilled anchovies import price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then fell slightly in the following year.

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

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

Source: IndexBox Platform

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