Here are the 3 treasures of Italian agriculture. Sace report
What emerges from the focus "Agri-food: Italy, a happy (pen) island" created by the Sace research office
The three pillars of Italian agri-food exports are wine, oil and pasta. In 2021 their total exports amounted to 11.7 billion euros (22.4% of total agri-food exports), up 7% compared to the previous year and with a good ten-year positive trend (CAGR: +4 , 4%). These data are present in the focus " Agri-food: Italy, a happy (pen) island " created by the Sace research office to test the health of the Italian sector.
AGRI-FOOD SECTOR: SMALL COMPANIES AND VERY ACTIVE IN EXPORTING
The entrepreneurial fabric of the Italian agri-food sector is characterized by small enterprises: about 55 thousand enterprises operating in the food, beverage and tobacco industries, and over 400 thousand with more than 800 thousand employees, those operating in the agricultural sector. foreign trade. Over 85% of agri-food exports are made up of food, beverages and tobacco, while agricultural products make up the remainder.
THE GROWTH OF AGRI-FOOD IN 2020 AND THE INCOGNITE FOR 2022
"In the period 2010-2019 the value of Italian agri-food exports grew at a compound annual rate (CAGR) of 6.3% – reads the SACE report -, a better performance than overall exports (+ 5.1% ) ". In 2020, the annus horribilis of the pandemic, the sector was among the few to register an increase (+ 3.2% on an annual basis) reaching exports of over 46 billion euros, about 11% of our total exports. . 2021 also went very well, the year in which exports reached an all-time high of 52 billion euros (+ 11.1% compared to the previous year against + 18.2% for total Italian exports). The food and beverage trade (+ 11.6%) led this result, but the trend was also positive for agricultural products (+ 8.8%). The outlook is also good for 2022 (+ 19.5% between January and March compared to the same period last year). The international context and the increases in energy and agri-food resources are the two biggest unknowns weighing on the sector's forecasts.
ITALY SECOND IN THE WORLD FOR WINE EXPORT. SACE REPORT
Wine is a relevant sector for Italian agri-food exports: 13.6% of the sector, and 24.3% of the sector reduced to food and beverages (reduction that excludes agricultural products). France, Italy and Spain make up the podium of the major wine exporters, with Paris seeing its weight drop below 30% and Madrid reaching 9% of global sales across national borders.
STILL WINES ARE THE FAVORITES ABROAD: VENETO 1st EXPORTER
The cross-border sales of wine resumed growth, after the stop imposed by the pandemic, closing 2021 with an increase of 12.4% compared to the previous year (for a value of € 7.3 billion). The favorites abroad are still wines, exported for a value of 5.2 billion euros and which marked a + 9.1% compared to 2020. Followed by sparkling wines, with exports worth 1.8 billion. euros and that "since 2011 they have reported double-digit average growth and in the last year they have marked a marked increase (+ 23.7%)". Driving the sparkling wine segment is the demand for prosecco, which marks a growth of 31.5% in 2021 and an average of 14.1% in the last four years. After all, in 2021 Veneto wine was the most exported, thanks to the excellent performance of Prosecco di Treviso , which in 2021 exported bubbles for almost 830 million euros. Following Piedmont and Tuscany, but also Trentino-Alto Adige, Emilia-Romagna and Lombardy are doing very well – thanks also to the excellent foreign performance of Franciacorta (+ 10.3%).
THE DESTINATIONS OF ITALIAN WINE, BETWEEN CONSOLIDATED MARKETS AND NEW OPPORTUNITIES
The first export country for our wines is the United States, but China and Japan are also growing. Germany, the second destination for the value of our exports, sees a large presence of Italian wineries but wine consumption for the next two years should be below the forecast average. Wine exports to Canada and the United Kingdom are also doing well, and Norway, Finland, Mexico and the Czech Republic stand out, countries in which our exports are lower than the main destinations, but there are many opportunities for growth. " In 2021 Russia represented the 12th destination market for exports of Italian wines (with € 149 million, equal to 2.1% of the total exported wines) – reads the report -, behind Japan and ahead of the China, with an above average growth (+ 18.4% compared to 2020) ". The war in Ukraine is having and will have inevitable repercussions on the future trend of Moscow's imports.
SPAIN LEADER IN OLIVE OIL PRODUCTION, ITALY IMMEDIATELY AFTER
After three years of unsatisfactory harvests, the 2021/2022 campaign is expected to grow slightly globally (+ 2.9%). The first world producer of olive oil is Spain with 1.3 million tons expected, about 40% of world production and 65.9% of European production) which this year should, however, experience a contraction of 6 , 4%. In second place, mka b and b distanced, is Italy, whose production this year is estimated at 315 thousand tons (+ 15.2% compared to the previous campaign), followed by Tunisia, Turkey, Greece and Morocco, all Countries with a production of more than 200 thousand tons.
THE MOST EXPENSIVE (AND GOOD) OIL IN ITALY
Oil prices are formed in the squares that produce the most. This means that it is very common for the prices defined in Spain to determine in a chain also those of other markets. There are three markets that set the “benchmark” price levels for the European market: Jaén (in Spain), Bari and Chania (in Greece). "With particular reference to extra virgin olive oil, the square of Jaén in March 2022 recorded a price of 3.29 € / kg (+ 40.7% compared to the same period of 2021), that of Bari 4, 13 € / kg (-11.8%) and that of Chania 3.10 € / kg (+ 19.2%) ”, reads the report. The price of Italian oil is the highest due to the high quality and wide variety.
CONSUMPTIONS: SPAIN AND GREECE THE SQUARES THAT DEMAND MORE OIL
Spaniards and Greeks are European citizens who consume the most oil, about 11 kg of olive oil per capita per year, followed by Portugal and Italy with almost 7 kilos while the EU average is 3 kilos per year. France and Germany come much later, with similar values to the United States and the United Kingdom, because the diet does not include a frequent use of olive oil.
TUSCANY LEADER IN OIL EXPORT
"For Italy, exports in value of olive oil, in 2021, represented 3% of the foreign sales of the agri-food sector (for Spain 5.6% and for Greece 7.8%)", writes SACE. Olive oil exports have grown in the last two years: + 5.5% in 2021 after a year of more than positive pandemic, + 6.6% compared to pre-Covid. In 2021, exports amounted to 1.5 billion euros: over 80% of olive oil exports consisted of extra virgin olive oil, another element attributable to the excellent quality of Italian oil that can boast 49 Dop, Igp and Stg denominations (of which 7 in Sicily, 6 in Puglia and 5 respectively in Lazio and Marche). The leader in cross-border sales is Tuscany, also strong in its regional brand, with exports worth just under 680 million, followed by Emilia-Romagna and Veneto.
60% OF THE OIL CONSUMED IN GERMANY IS ITALIAN
United States, Germany, France and Japan represent 55.8% of the entire Italian export of olive oil and where Italy is present with an average share of 40%. The export of Italian oil reaches a peak of almost 60% in Germany , a country in which exports in 2021 reached a value of almost 200 million euros, and which sees the United States as the main destination market with 450 million. of Euro. The countries that could be an excellent market for our oil in perspective are Bulgaria, Denmark, Brazil and China. On the other hand, the United Kingdom and the Gulf countries are countries with potential growth, but they remain one step behind.
ONE OUT OF FOUR PASTA PLATES IN THE WORLD IS PRODUCED IN ITALY
A fact to understand how close the combination of pasta and Italy is: one out of four pasta dishes in the world is produced in an Italian pasta factory. In 2021, 16.9 million tons of pasta were produced in the world, Italy is the first world producer with 3.9 million tons and a share of 23% , followed by the United States, with 2 million tons (12 % its share), Turkey with 1.9 million tons (share equal to 11%). Our country is also the first consumer with 23.5 kg per capita, in second place, well spaced, there is Tunisia with 17 kg each, the second European country, on the other hand, is Greece with 12.2 kg. per capita. Pasta consumption increased during the pandemic years, with 17 million tons of pasta consumed in 2020, 1 million more than in 2019.
EMILIA ROMAGNA LEADER IN PASTA EXPORT: 515 MILLION EURO
For our country, pasta exports in 2021 represented 5.8% of foreign sales in the agri-food sector, 10.4% in the food sector alone. In 2020, exports grew by 16.3% while 2021 closed with a decline of 3.1%, in the last year cross-border sales amounted to 3 billion euros. Among the leading Italian regions in the export of pasta is Emilia-Romagna, with a share of just over 20% and cross-border sales of 515 million euros, followed by Campania with exports of 510 million euros, and then Veneto, Lombardy and Puglia, with exports of 350 million, 187 million and 174 million respectively.
IN 2022-2023 EXPORT GROWTH OF 4% IS EXPECTED, ACCORDING TO SACE
“For the two-year period 2022-2023 , consumption of Made in Italy pasta is expected to grow on average by 4% , in line with oil consumption and one point higher than that of wine”, reads the SACE report. Among the markets that attract made in Italy pasta is Germany, but France , Denmark , Poland , the Czech Republic and Spain are also excellent outlet markets. Looking to the future, it is Brazil and Finland in particular that provide excellent prospects. A strong trend is also expected for Chinese and Canadian consumption.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/ecco-i-3-tesori-dellagricoltura-italiana-report-sace/ on Mon, 06 Jun 2022 04:26:41 +0000.