Italy: Sweet Potato Market 2024

Sweet Potato Market Size in Italy

The Italian sweet potato market surged to $X in 2023, jumping by X% against the previous year. Over the period under review, consumption recorded strong growth. Over the period under review, the market reached the peak level in 2023 and is expected to retain growth in the near future.

Sweet Potato Production in Italy

In value terms, sweet potato production fell to $X in 2023 estimated in export price. In general, production enjoyed a temperate expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Sweet potato production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

In 2023, the average sweet potato yield in Italy amounted to X tons per ha, approximately mirroring the previous year's figure. Overall, the yield, however, continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2021 when the yield increased by X% against the previous year. The sweet potato yield peaked at X tons per ha in 2012; however, from 2013 to 2023, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the sweet potato harvested area in Italy dropped slightly to X ha, approximately reflecting the year before. The harvested area increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to sweet potato production reached the peak figure at X ha in 2017; however, from 2018 to 2023, the harvested area remained at a lower figure.

Sweet Potato Exports

Exports from Italy

In 2023, overseas shipments of sweet potatoes decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports faced a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, sweet potato exports expanded markedly to $X in 2023. In general, exports showed a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Slovenia (X tons) was the main destination for sweet potato exports from Italy, accounting for a X% share of total exports. Moreover, sweet potato exports to Slovenia exceeded the volume sent to the second major destination, Malta (X tons), twofold. France (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Slovenia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (X% per year) and France (X% per year).

In value terms, Slovenia ($X), Germany ($X) and Malta ($X) were the largest markets for sweet potato exported from Italy worldwide, together accounting for X% of total exports. Romania, France, Austria, Croatia, Greece, the Netherlands, Poland, Slovakia, Lithuania and the Czech Republic lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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

In 2023, the average sweet potato export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sweet Potato Imports

Imports into Italy

In 2023, approx. X tons of sweet potatoes were imported into Italy; with an increase of X% compared with 2022. Over the period under review, imports saw a strong increase. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in years to come.

In value terms, sweet potato imports surged to $X in 2023. Overall, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, France (X tons) constituted the largest supplier of sweet potato to Italy, accounting for a X% share of total imports. Moreover, sweet potato imports from France exceeded the figures recorded by the second-largest supplier, Egypt (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Spain (X% per year).

In value terms, the largest sweet potato suppliers to Italy were France ($X), Egypt ($X) and Spain ($X), with a combined X% share of total imports.

Among the main suppliers, Egypt, with a CAGR of X%, recorded the highest rates of growth with regard to 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 sweet potato import price stood at $X per ton in 2023, surging by X% against the previous year. In general, import price indicated prominent growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, sweet potato import price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform