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Italy - Vegetable Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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Italy: Vegetable Oils Market Overview 2021

Vegetable Oils Market Size in Italy

In 2019, the Italian vegetable oils market was finally on the rise to reach $X for the first time since 2016, thus ending a two-year declining trend. In general, consumption, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2010; however, from 2011 to 2019, consumption failed to regain the momentum.

Vegetable Oils Production in Italy

In value terms, vegetable oils production plummeted to $X in 2019 estimated in export prices. Overall, production, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Vegetable oils production peaked at $X in 2008; however, from 2009 to 2019, production remained at a lower figure.

Vegetable Oils Exports

Exports from Italy

For the fourth consecutive year, Italy recorded decline in overseas shipments of vegetable fats and oils, which decreased by -X% to X tonnes in 2019. In general, exports saw a drastic downturn. The pace of growth was the most pronounced in 2010 with an increase of X% y-o-y. As a result, exports reached the peak of X tonnes. From 2011 to 2019, the growth exports failed to regain the momentum.

In value terms, vegetable oils exports fell to $X in 2019. Overall, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, exports attained the maximum at $X in 2012; however, from 2013 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Romania (X tonnes), Serbia (X tonnes) and Spain (X tonnes) were the main destinations of vegetable oils exports from Italy, together accounting for X% of total exports.

From 2007 to 2019, the biggest increases were in Serbia, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vegetable oils exported from Italy were Switzerland ($X), Romania ($X) and Russia ($X), together comprising X% of total exports. These countries were followed by Spain, Serbia, Germany, Poland, Greece, Portugal, Turkey, France, the Czech Republic and Hungary, which together accounted for a further X recorded 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 more modest paces of growth.

Export Prices by Country

The average vegetable oils export price stood at $X per tonne in 2019, picking up by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. Over the period under review, average export prices attained the maximum at $X per tonne in 2013; however, from 2014 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Russia ($X per tonne), while the average price for exports to Serbia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Greece, while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Oils Imports

Imports into Italy

In 2019, after two years of decline, there was significant growth in purchases abroad of vegetable fats and oils, when their volume increased by X% to X tonnes. Overall, imports recorded a mild expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Imports peaked at X tonnes in 2010; however, from 2011 to 2019, imports remained at a lower figure.

In value terms, vegetable oils imports contracted modestly to $X in 2019. Over the period under review, imports saw a mild increase. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2010; however, from 2011 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, Malaysia (X tonnes) constituted the largest vegetable oils supplier to Italy, accounting for a X% share of total imports. Moreover, vegetable oils imports from Malaysia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), threefold. The third position in this ranking was occupied by Spain (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from Malaysia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-X% per year) and Spain (-X% per year).

In value terms, the largest vegetable oils suppliers to Italy were Malaysia ($X), the Netherlands ($X) and Spain ($X), together comprising X% of total imports.

In terms of the main suppliers, Malaysia saw 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 vegetable oils import price stood at $X per tonne in 2019, which is down by -X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vegetable fats and oils in the world?
+
The countries with the highest volumes of vegetable oils consumption in 2019 were China (1.7M tonnes), the U.S. (837K tonnes) and India (633K tonnes), with a combined 30% share of global consumption. Japan, Russia, the Netherlands, Brazil, Indonesia, Pakistan, Bangladesh, Mexico, France and Nigeria lagged somewhat behind, together accounting for a further 26%.
What are the largest producers of vegetable fats and oils in the world?
+
China (1.5M tonnes) remains the largest vegetable oils producing country worldwide, accounting for 16% of total volume. Moreover, vegetable oils production in China exceeded the figures recorded by the second-largest producer, the U.S. (673K tonnes), twofold. The third position in this ranking was occupied by India (664K tonnes), with a 7.1% share.
What are the leading suppliers of vegetable fats and oils to Italy?
+
In value terms, the largest vegetable oils suppliers to Italy were Malaysia ($17M), the Netherlands ($10M) and Spain ($7.9M), with a combined 61% share of total imports.
What are the leading importers of vegetable fats and oils from Italy?
+
In value terms, Switzerland ($1.1M), Romania ($914K) and Russia ($672K) appeared to be the largest markets for vegetable oils exported from Italy worldwide, with a combined 35% share of total exports. Spain, Serbia, Germany, Poland, Greece, Portugal, Turkey, France, the Czech Republic and Hungary lagged somewhat behind, together comprising a further 39%.
What is the average export price for vegetable fats and oils in Italy?
+
In 2019, the average vegetable oils export price amounted to $2,050 per tonne, surging by 7.8% against the previous year.
What is the average import price for vegetable fats and oils in Italy?
+
The average vegetable oils import price stood at $1,292 per tonne in 2019, which is down by -18.7% against the previous year.

Product coverage:
• Prodcom 10416050 - Vegetable fats and oils and their fractions partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, but not further prepared (including refined)

This report provides an in-depth analysis of the vegetable oils market in Italy. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Italy

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Italy
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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