Italy: Prepared Mustard Market 2024

Prepared Mustard Market Size in Italy

In 2022, the Italian prepared mustard market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, continues to indicate a slight downturn. Prepared mustard consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Prepared Mustard Production in Italy

In value terms, prepared mustard production fell to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Prepared Mustard Exports

Exports from Italy

In 2022, after four years of growth, there was significant decline in shipments abroad of prepared mustard, when their volume decreased by X% to X tons. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell rapidly in the following year.

In value terms, prepared mustard exports declined remarkably to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Australia (X tons) was the main destination for prepared mustard exports from Italy, accounting for a X% share of total exports. Moreover, prepared mustard exports to Australia exceeded the volume sent to the second major destination, the United States (X tons), fivefold. The third position in this ranking was taken by France (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (X% per year).

In value terms, Australia ($X) remains the key foreign market for prepared mustard exports from Italy, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average prepared mustard export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, recorded a mild shrinkage. The growth pace was the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the 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 South Korea ($X per ton), while the average price for exports to Slovenia ($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.

Prepared Mustard Imports

Imports into Italy

In 2022, overseas purchases of prepared mustard decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, prepared mustard imports dropped to $X in 2022. In general, total imports indicated pronounced 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

France (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of prepared mustard imports to Italy, with a combined X% share of total imports.

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

In value terms, the largest prepared mustard suppliers to Italy were France ($X), Poland ($X) and Germany ($X), with a combined X% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average prepared mustard import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 France ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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