While the EU trend in the first three months saw an increase in quantity (+2.5% y-o-y) and a decrease in value (-0.9%), the Italian dairy sector recorded a diametrically opposite trend, with a decrease in export in quantity (-5.6%), but a good performance in terms of value, which even grew by 4.9% on a trend basis. Does it mean that Italian dairy products can rely on a brand with higher added value?
Italy Cheese Export
Of course. Italian cheese exports expanded in the first quarter 2018: +3.7% in volume and +8% in value, with positive performance for Grana Padano and Parmigiano Reggiano (+6.6% in quantity and +6% in value), Gorgonzola (+5.9% in quantity and +8.6% in value), Provolone (+ 25.3% in quantity and + 21.6% in value), Fresh Cheeses such as Mozzarella and Ricotta (+ 4.1% in quantity and +10.7% in value), Grated or powdered cheese (+9.8% in quantity and + 15.4% in value).
If Italian exports of cheese and dairy products grow at an annual rate of 3.7%, even imports are advancing and increasing +5%. These dynamics show, also for the first quarter of 2018, a deficit in the trade balance.
Grana Padano and Parmigiano Reggiano increased the volumes exported in the first three target markets: Germany (+2%), United States (+1%) and France (+7%), while they lost ground in the United Kingdom (-1%).
The growth of Fresh Cheeses, including Mozzarella and Ricotta (+ 4%), was also positive, even if it showed a decline towards France (-9%) and the United Kingdom (-5%). Sales to Germany, on the other hand, increased (+12%).
The positive trend of exports of Grated or Powdered Cheeses continued in the first quarter 2018: +10%, with an acceleration for Germany (+12%) and France (+13%), on a trend basis.
Even the Gorgonzola between January and March 2018 improved the performance: +6% y-o-y.
|ITALIA: dairy products Export year-to-date (March)|
|QUANTITY (Tons)||VALUE (’000 )|
|2017||2018||± on 2017||2017||2018||± on 2017|
|- G.Padano and P.Reggiano||20.055||21.374||+6,6%||198.628||210.529||+6,0%|
|- Fresh cheeses incl. mozzarella,
cheese and ricotta
|- Grated or powered cheeses||9.931||10.908||+9,8%||80.784||93.200||+15,4%|
|- Pecorino and Fiore Sardo||4.803||4.152||-13,6%||31.493||33.660||+6,9%|
|- Asiago, Montasio,
|Milk and cream||23.777||13.349||-43,9%||22.538||19.266||-14,5%|
|- Bulk milk cream||7.773||4.522||-41,8%||11.788||11.754||-0,3%|
|- Packaged milk||12.603||5.722||-54,6%||7.803||4.141||-46,9%|
|- Packaged milk cream||773||1.390||+79,7%||1.350||3.007||+122,8%|
|- Bulk milk||2.628||1.716||-34,7%||1.598||365||-77,2%|
* Other products: Infant milk formula, Casein, Caseinates, Lactose edible
Data processed by Clal based on ISTAT source.
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