Ismea: agri-food industry better than manufacturing in 2024. New export record
Trade surplus at 1 billion. Favourable year for fruit, fresh vegetables and wine production; down for cereals, olive oil and fodder.
by E.Sg.
2' min read
Key points
2' min read
The food industry closed 2024 with an increase in production of +1.8%, confirming the solidity of the sector and its ability to withstand the difficulties of the macroeconomic context, especially considering the 3.7% drop in that of manufacturing as a whole. "Italian agri-food therefore confirms itself as one of the driving sectors of the national economy also in 2024," underlines Ismea's Agrimercati Report on Q4 2024.
Growing production, falling costs
.The growth in production concerned crops, livestock and secondary activities. In contrast, agricultural service activities declined. The year was favourable for fruit, fresh vegetables and wine; down for cereals, olive oil and fodder.
Loading...
The average value of the Ismea index on cost trends (the 'prices of current means of production') decreased by 3.7%, while product prices gained 0.9% over the average level of 2023.
Record levels for export
.Italian food and beverage exports in 2024 increased by 7.5% compared to 2023 topping a record 70 billion euro, outperforming overall exports that remained mostly static at the 2023 level.
Agri-food imports in 2024 increased by 7.2% (-3.9% total national imports). However, the agri-food trade balance improved compared to 2023, with a surplus of about EUR 1 billion.
Brand connect
Loading...
