Price for Vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumption in Italy - 2023
Contents:
- Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Italy (CIF) - 2023
- Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Italy (FOB) - 2022
- Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Italy
- Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Italy
Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Italy (CIF) - 2023
In November 2023, the average import price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia amounted to $1,811 per ton, with an increase of 2.5% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +3.3%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 21% m-o-m. The import price peaked in November 2023.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Romania ($2,706 per ton), while the price for Egypt ($1,119 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Spain (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Italy (FOB) - 2022
The average export price for vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia stood at $2,494 per ton in 2022, reducing by -13.1% against the previous year. Over the period under review, the export price, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 135% against the previous year. As a result, the export price attained the peak level of $2,869 per ton, and then dropped in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($9,942 per ton), while the average price for exports to Egypt ($498 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 Austria (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Italy
In 2022, purchases abroad of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia was finally on the rise to reach 6.5K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt downturn.
In value terms, imports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia totaled $8.5M in 2022. Overall, imports, however, showed a dramatic decline.
| Import of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 12.8 | 4.8 | 5.5 | 6.3 | -21.0% |
| Greece | 1.5 | 1.2 | 1.2 | 1.2 | -7.2% |
| Egypt | 1.2 | 0.8 | 0.4 | 0.7 | -16.4% |
| Romania | 0.3 | 0.3 | 0.2 | 0.1 | -30.7% |
| Portugal | 1.9 | 0.2 | N/A | N/A | -89.5% |
| Others | 0.7 | 1.7 | 0.1 | 0.2 | -34.1% |
| Total | 18.4 | 9.0 | 7.4 | 8.5 | -22.7% |
Top Suppliers of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption to Italy in 2022:
- Spain (5.2K tons)
- Greece (0.6K tons)
- Egypt (0.5K tons)
- Romania (0.1K tons)
Exports of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Italy
In 2022, shipments abroad of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia was finally on the rise to reach 1.8K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a significant contraction.
In value terms, exports of vegetables; olives, provisionally preserved but unsuitable in that state for immediate consumptia skyrocketed to $4.4M in 2022. Over the period under review, exports, however, recorded a abrupt descent.
| Export of Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 590 | 557 | 721 | 1,622 | 40.1% |
| Germany | 1,620 | 1,747 | 1,414 | 1,331 | -6.3% |
| Ukraine | N/A | 46.8 | N/A | 203 | 108.3% |
| Croatia | 195 | 277 | 90.4 | 131 | -12.4% |
| Ireland | 17.1 | 22.3 | 23.4 | 123 | 93.0% |
| Canada | 148 | 92.2 | 125 | 117 | -7.5% |
| France | 234 | 175 | 119 | 106 | -23.2% |
| Australia | 59.5 | 85.6 | 95.9 | 102 | 19.7% |
| Switzerland | 145 | 153 | 93.9 | 89.2 | -15.0% |
| Denmark | 76.1 | 61.4 | 62.6 | 82.2 | 2.6% |
| United Kingdom | 3,171 | 2,202 | 110 | 71.1 | -71.8% |
| Austria | 545 | 18.2 | 27.6 | 36.3 | -59.5% |
| Egypt | N/A | N/A | N/A | 21.7 | 0% |
| Others | 944 | 974 | 904 | 346 | -28.4% |
| Total | 7,745 | 6,410 | 3,787 | 4,382 | -17.3% |
Top Export Markets for Vegetables; Olives, Provisionally Preserved But Unsuitable in That State for Immediate Consumption from Italy in 2022:
- Germany (717.9 tons)
- United States (498.1 tons)
- Ukraine (93.5 tons)
- Denmark (67.2 tons)
- France (43.7 tons)
- Egypt (43.6 tons)
- Switzerland (36.3 tons)
- Croatia (34.8 tons)
- Ireland (32.3 tons)
- Australia (30.3 tons)
- Canada (30.1 tons)
- United Kingdom (21.5 tons)
- Austria (3.6 tons)
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