Italy: Oleo Oils Market 2024

Oleo Oils Market Size in Italy

The Italian oleo oils market declined dramatically to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Oleo oils consumption peaked at $X in 2021, and then shrank sharply in the following year.

Oleo Oils Production in Italy

In value terms, oleo oils production totaled $X in 2022 estimated in export price. Overall, production showed a sharp setback. The pace of growth was the most pronounced in 2017 with a decrease of X% against the previous year. Oleo oils production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Oleo Oils Exports

Exports from Italy

In 2022, oleo oils exports from Italy soared to X tons, rising by X% compared with the year before. In general, exports, however, saw a sharp contraction. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, oleo oils exports soared to $X in 2022. Overall, exports, however, faced a sharp reduction. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) was the main destination for oleo oils exports from Italy, accounting for a X% share of total exports. Moreover, oleo oils exports to Turkey exceeded the volume sent to the second major destination, Spain (X tons), twofold. Germany (X kg) ranked third in terms of total exports with a X% share.

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

In value terms, Turkey ($X), Spain ($X) and Germany ($X) were the largest markets for oleo oils exported from Italy worldwide, with a combined X% share of total exports.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average oleo oils export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price saw a strong increase. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 Belgium ($X per ton), while the average price for exports to Turkey ($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 Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oleo Oils Imports

Imports into Italy

In 2022, the amount of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil imported into Italy contracted remarkably to X tons, waning by X% on the previous year's figure. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, oleo oils imports reduced markedly to $X in 2022. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, France (X tons) constituted the largest oleo oils supplier to Italy, with a X% share of total imports. Moreover, oleo oils imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, France ($X) constituted the largest supplier of lard stearin, lard oil, oleostearin, oleo-oil and tallow oil to Italy, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average oleo oils import price amounted to $X per ton, growing by X% against the previous year. In general, import price indicated a temperate 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, oleo oils 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.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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