Italy: Breakfast Cereal Market 2024

Breakfast Cereal Market Size in Italy

The Italian breakfast cereal market soared to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption posted a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Breakfast Cereal Production in Italy

In value terms, breakfast cereal production shrank notably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Breakfast Cereal Exports

Exports from Italy

In 2022, shipments abroad of breakfast cereals decreased by X% to X tons, falling for the sixth consecutive year after three years of growth. Over the period under review, exports recorded a abrupt decrease. 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, breakfast cereal exports contracted modestly to $X in 2022. In general, total exports indicated a slight 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, exports decreased by X% against 2017 indices. 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 attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for breakfast cereal exports from Italy, with a X% share of total exports. Moreover, breakfast cereal exports to France exceeded the volume sent to the second major destination, Germany (X tons), twofold. Spain (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for breakfast cereal exported from Italy were France ($X), Germany ($X) and the United States ($X), with a combined X% share of total exports. Spain, the UK, Belgium, Greece, Austria, Switzerland, Malta, the Netherlands, Slovenia and Poland lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Belgium, with a CAGR of X%, saw 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 breakfast cereal export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

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 Belgium ($X per ton), while the average price for exports to Greece ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports

Imports into Italy

In 2022, imports of breakfast cereals into Italy was estimated at X tons, with an increase of X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, breakfast cereal imports contracted modestly to $X in 2022. Overall, imports, however, continue to indicate a mild descent. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of breakfast cereal imports to Italy, with a combined X% share of total imports. Poland, the UK, Austria and Belgium lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest breakfast cereal suppliers to Italy were Spain ($X), France ($X) and Germany ($X), with a combined X% share of total imports. Poland, the UK, Austria and Belgium lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers 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 breakfast cereal import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price showed a pronounced decline. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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