Italy: Canned Vegetable Market 2024

Canned Vegetable Market Size in Italy

The Italian canned vegetable market shrank sharply to $X in 2022, falling by -47.8% against the previous year. Over the period under review, consumption showed a abrupt shrinkage. Canned vegetable consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Canned Vegetable Production in Italy

In value terms, canned vegetable production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by 11%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Canned Vegetable Exports

Exports from Italy

In 2022, approx. X tons of canned vegetables were exported from Italy; growing by 6.4% against 2021. The total export volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, canned vegetable exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of +4.6% 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 2013 with an increase of 12%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), the UK (X tons) and the United States (X tons) were the main destinations of canned vegetable exports from Italy, together accounting for 45% of total exports. France, the Netherlands, Australia, Japan, Austria, Sweden, Belgium, Poland and Denmark lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +11.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and the United States ($X) were the largest markets for canned vegetable exported from Italy worldwide, with a combined 43% share of total exports. France, Japan, the Netherlands, Australia, Sweden, Austria, Poland, Belgium and Denmark lagged somewhat behind, together accounting for a further 30%.

The Netherlands, with a CAGR of +11.5%, saw the highest rates of growth with regard to 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

The average canned vegetable export price stood at $X per ton in 2022, rising by 4.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2021 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and France ($X per ton), while the average price for exports to the Netherlands ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Vegetable Imports

Imports into Italy

After two years of decline, supplies from abroad of canned vegetables increased by 19% to X tons in 2022. The total import volume increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 25% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, canned vegetable imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by 19%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Spain (X tons), France (X tons) and Greece (X tons) were the main suppliers of canned vegetable imports to Italy, together comprising 59% of total imports. Hungary, Germany, the Netherlands, Morocco, Turkey, Tunisia, Portugal, Poland and Egypt lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Tunisia (with a CAGR of +53.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of canned vegetables to Italy, comprising 34% of total imports. The second position in the ranking was held by France ($X), with a 15% share of total imports. It was followed by Greece, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.6% per year) and Greece (+3.8% per year).

Import Prices by Country

In 2022, the average canned vegetable import price amounted to $X per ton, reducing by -4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 8.8%. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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