Updated Nov 6, 2022 23:23

Market for Citrus Fruit Or Melons Peel in Italy

Market Overview
The Italian market for peel of citrus fruit or melons skyrocketed to $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a slight downturn. Citrus fruit or melons peel consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.

In value terms, citrus fruit or melons peel production soared to $ in estimated in export price. Over the period under review, production, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2019 with an increase of % against the previous year. Over the period under review, production attained the maximum level at $ in 2007; however, from 2008 to , production failed to regain momentum.


Consumption
In , the amount of peel of citrus fruit or melons consumed in Italy fell to tons, which is down by -% compared with the previous year's figure. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak volume of tons. From to , the growth of the consumption failed to regain momentum.

The revenue of the market for peel of citrus fruit or melons in Italy reduced to $ in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a mild contraction. Over the period under review, the market reached the peak level at $ in 2008; however, from 2009 to , consumption remained at a lower figure.


Market Forecast
Depressed by shrinking demand for citrus fruit or melons peel in Italy, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Italy remains a net exporter of citrus fruit or melons peel; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a trade surplus of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.