Italian agriculture is second in the EU for added value

Published Nov 21, 2024

Tridge summary

Italy plays a crucial role in the EU's agricultural economy, ranking second with a 17% share of the primary sector's added value, following France. However, the sector faced a 3.3% reduction in 2023 due to adverse weather conditions that impacted various crops. While the food industry experienced a 16% increase in added value in the same year, not all sectors fared equally, with some experiencing declines. Overall, agriculture and the food industry contribute significantly to Italy's added value and GDP.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Italy covers just under 17% of the EU's primary sector economy. An incidence, in terms of added value, which places our country in second place, just behind France (with 17.4%), but ahead of Spain (14.7%) and Germany (13.8%). A position confirmed also in 2023, despite the 3.3% reduction in added value in real terms (i.e. net of price dynamics), resulting from an agricultural year heavily affected by adverse weather events. Among these, the well-known flooding phenomena of the month of May in Emilia-Romagna, Tuscany and Marche, the late frosts, which affected 40% of Italian agricultural areas, especially in the North-East and along the Apennine ridge, and the heat waves in the South. With a damage balance, mainly affecting fruit, fodder and cereals, estimated by ISMEA, for catastrophic events alone (frost and frost, drought and flood) of around one billion euros. These are some of the findings that emerged today during the presentation of the ISMEA 2024 Report on Italian agri-food, ...
Source: Agricolae

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