Italy: Pork Market 2024

Pork Market Size in Italy

In 2022, the Italian pork market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a mild descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Pork Production in Italy

In value terms, pork production fell modestly to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of pork in Italy declined slightly to X kg per head in 2022, approximately reflecting the previous year. Overall, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the yield increased by X%. As a result, the yield reached the peak level of X kg per head. From 2016 to 2022, the growth of the average pork yield remained at a lower figure.

The number of animals slaughtered for pork production in Italy fell slightly to X heads in 2022, with a decrease of X% on the previous year's figure. Overall, the number of producing animals continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2016 with an increase of X%. The number of animals slaughtered for pork production peaked at X heads in 2012; however, from 2013 to 2022, producing animals failed to regain momentum.

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Pork Exports

Exports from Italy

In 2022, shipments abroad of pork decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a slight slump. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pork exports reduced rapidly to $X in 2022. Overall, exports recorded a pronounced decline. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Spain (X tons), Romania (X tons) and the Czech Republic (X tons) were the main destinations of pork exports from Italy, with a combined X% share of total exports.

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

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

Spain, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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 pork export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price saw a mild shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average 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 Japan ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Hungary (X%), while the prices for the other major destinations experienced mixed trend patterns.

Pork Imports

Imports into Italy

In 2022, purchases abroad of pork increased by less than X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, pork imports expanded notably to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of pork 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 Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and the Netherlands ($X) appeared to be the largest pork suppliers to Italy, with a combined X% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pork import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, recorded a slight decline. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Austria ($X per ton) and Germany ($X per ton), while the price for Poland ($X per ton) and Denmark ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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