Italy: Soya Bean Market 2024

Soya Bean Market Size in Italy

For the fifth consecutive year, the Italian soya bean market recorded growth in sales value, which increased by X% to $X in 2022. Overall, the total consumption indicated a remarkable increase 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, consumption increased by X% against 2015 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Soya Bean Production in Italy

In value terms, soya bean production stood at $X in 2022 estimated in export price. In general, the total production indicated a buoyant expansion 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, production decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Soya bean production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

In 2022, the average soya bean yield in Italy rose significantly to X tons per ha, with an increase of X% on 2021. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The soya bean yield peaked at X tons per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of soya beans were harvested in Italy; shrinking by X% against the previous year's figure. Over the period under review, the total harvested area indicated a prominent increase from 2012 to 2022: its figure 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, soya bean harvested area increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X% against the previous year. The soya bean harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Soya Bean Exports

Exports from Italy

Soya bean exports from Italy fell remarkably to X tons in 2022, waning by X% compared with 2021. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, soya bean exports dropped remarkably to $X in 2022. Overall, exports recorded a deep contraction. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Hungary (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of soya bean 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 the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for soya bean exported from Italy were France ($X), the Netherlands ($X) and Sweden ($X), together accounting for X% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of X%, recorded the highest growth rate of 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 soya bean export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Hungary ($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 Greece (X%), while the prices for the other major destinations experienced more modest paces of growth.

Soya Bean Imports

Imports into Italy

In 2022, overseas purchases of soya beans decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then fell in the following year.

In value terms, soya bean imports expanded to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Brazil (X tons) constituted the largest soya bean supplier to Italy, with a X% share of total imports. Moreover, soya bean imports from Brazil exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and the United States (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of soya beans to Italy, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and the United States (X% per year).

Import Prices by Country

The average soya bean import price stood at $X per ton in 2022, growing by X% against the previous year. In general, import price indicated mild growth 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, soya bean import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Romania ($X per ton) and Slovenia ($X per ton), while the price for Canada ($X per ton) and Brazil ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :