Export, record for Italian agri-food districts in the 1st quarter
In 1Q2022, exports from Italian agri-food districts reached a record value of 6 billion euros, up 811 million (+15.4%) compared to the same period of 2021. The result partly reflects inflationary dynamics : the index of prices practiced in foreign markets for Italian food products increased in the first quarter of 2022 by 8.5% compared to the same period of 2021. This is what emerges from the latest monitor of Italian agri-food districts prepared by Intesa Sanpaolo studies and research.
In particular, the wine-growing regions generated growth of more than 1.4 billion euros in exports in current values, a result never before achieved in a quarter (+17.7% year-on-year).
The pasta and dessert sectors also performed well, all with double-digit growth trends; however, it should be noted that the price index in the external markets for the production of bakery and starch products increased by 12.1% in trend in the first quarter of 2022, more than the average, under the pressure of the dynamics inflationary.
The agricultural municipalities sector, after the strong growth of 2021 (+9.4%), slowed down in the January-March 2022 quarter with a trend growth of 7%, a result that hides different dynamics in the thirteen municipalities that make it up: strong leap forward for fruit and vegetables from Barese (+192.1%), decline for fruit and vegetables from Romagna (-7.5%) and apples from Trentino (-30.9%).
Lights and shadows between the meat and deli districts: Escalating energy and raw material costs have hit a supply chain already strained by increases caused by swine fever in China and also influenced by some cases discovered in Italy. The strong growth of Modena charcuterie (+21.8% trend, corresponding to an increase of 33 million), is contrasted by the drop in Verona charcuterie (-18.9%, 26.8 million euros less ).
Even among dairy districts, there is fluctuating performance. First district in terms of exported values, the dairy in southeastern Lombardy closes the first quarter of 2022 with trend growth of 29.4%, more than 61 million euros more than in the same period of 2021 On the other hand, exports are down from the dairy Reggio Emilia, which recorded a drop of 21.6%.
Strong acceleration for the olive-growing districts, which is however accompanied by a rise in prices on foreign markets for the national oils and fats industry of 18.5% trend. The Tuscan oil district closes the first quarter of 2022 with a trend of + 25.9%, which translates into an increase of more than 40 million euros.
Overall, agri-district exports to all major destination markets are growing. Flows to Germany, the leading outlet market, increased (+3.4%), mainly thanks to the contribution of the pasta, confectionery and oil sectors; flows to the United States increased (+14.3%), where the strength of the dollar supported the growth of the wine, oil, pasta and dessert districts; good results also with France (+16.8%), where the success of the pasta and desserts sector joined that of dairy products.