img Which Italian products does the USA import the most?

Which Italian products does the USA import the most?

June  23,  2017

 

According to the latest statistic data available (April 2017) from the “U.S. Department of Commerce, Bureau of Census” for the first quarter of 2017, we note that Italy is the 7th trade partner for Food & Beverage imports in the US. In this first quarter, the sector increased by 3.9% compared to the first quarter of 2016.  Italian exports declined slightly by 1,1% compared to the first quarter of 2016.

We also note that Canada, Mexico, China and France reacted positively to the market growth. France achieved an increase of 6.4% compared to its Q1 exports in 2016. On the other hand, Italy and Chile showed a slightly negative trend in  this 1st quarter.

BEVERAGES

Product: Wine

General View: Increase

Position: 1st

In the wine imports, Italy obtained 31.3% of the market share for the 1st quarter of the year showing a slight increase in exports of 0.4% compared to the 1st quarter of 2016, remaining the 1st player on the market.

France remains the 2nd biggest importer of wines in the US with a market share of 29.2% and a growth of 15.4% compared to the same quarter in 2016.

Italy and France are the leaders on the wine sector since the third biggest importer, New Zealand, has only 7.3% of the market.

 

Product: Beer

General View: Slight Increase

Position: 8th

For this 1st quarter, the market share remains stable at 0.4% for Italian beer in the US. The numbers are good, showing a positive trend of 22.6% for the 1st quarter of 2017 compared to the same quarter for 2016.

 

FOOD

Product: Cheese

General View: Decline

Position: 1st

With the US market shrinking by 16.5% in this 1st quarter, Italian cheese exports show a negative trend of 21.9% compared to the first quarter of 2016. The market share for Italy is 23.6% which is double France’s 12.9%.

Note: The average selling price for Italian cheese is 20% higher than its strongest competitor, France.

 

Product: Olive Oil

General View: Decline

Position: 2nd

The market share in value that Italy has for this 1st quarter of 2017 is 37.9% with a negative trend of 7% compared to the 1st quarter of 2016. Italy loses its 1st place and ranks 2nd with Spain being the leader with a market share of 43.7%. Based on the TAB. 10c and 10d, Italy lost a small share on the Extra Virgin Olive oil. Italy is selling 4.5 US$/ton and Spain 3,9 US$/ton (US$ in millions). The price change is as follows: Italy increased its olive oil price by 6.1% for the 1st quarter of 2017 compared to 2016 and Spain accordingly increased its price by 3,1%, with the average global price for the US olive oil price raising by 4,6% for the same period.The decline in imports of olive oil from Italy are due to the fact that this year there was a low production in Italy, 58 % less than last year, and a very high production in Spain.

Turkey closes its 1st quarter with a noticeable performance by achieving a positive trend of 431.1% compared to the same period in 2016 and ranks 5th in the imports of olive oil in the US market with a market share of 0.3%.

 

Product: Water

General View: Stable

Position: 2nd

With negative trend of 1%, Italy ranks second for this quarter of the year with a market share of 28.4%. Fiji achieved the best performance by increasing its exports to USA by 51.2%, and having the 22.8% of the market share and consequently ranking 3rd. France did just slightly better than Italy and ranks 1st with a market share of 28.6% with a positive trend of 29.3%.

 

Product: Processed meat

General View: Increase

Position: 5th

Italy ranks 5th with a market share of 5.2% for this 1st quarter of the year. The exports of processed meats increased by 5.2% compared to the same quarter in 2016. Uruguay ranks 4th with a negative trend of 20% compared to the same quarter in 2016.

 

Product: Coffee

General View: Stable

Position: 16th

Italy remains stable in the exports of coffee in the US with an increase of exports by 5.3% for this 1st quarter and 0.5% of the market share.

 

Product: Rice

General View: Stable

Position: 6th

Rice exports followed last year’s trend for this first quarter with Italy having the 1.4% market share. The overall imports of rice in the US decreased by 8.8% compared to the same period in 2016.

 

Product: Gelato

General View: Increase

Position: 4th

Gelato followed last year’s trend with an increase of 55.7%.  Italy’s market share is 7.8%.

 

Product: Truffle

General View: Stable

Position: 2nd

Italy ranks 2nd for market share even if,  compared to last year’s quarter, Italy increased its exports by 23.8%. Spain ranks 1st for this quarter by achieving exports equal to those of the whole 2016 already in the first quarter.

 

Product: Caviar

General View: Increase

Position: 2nd

A stable increase in exports of caviar in the US market with Italy ranking 2nd  in the 1st quarter of 2017 with a market share of 12%. The positive performance still remains high with 30.6% compared to the same period in 2016. Chinaremains in first trade partner of USA with a market share of 45.1%.

 

Download Analysis