News

Italian cheeses beat inflation: Turnover at 13 billion

Other Cheese
Goat Milk
Published Jan 17, 2024

Tridge summary

In 2023, the dairy sector in Italy had a positive year with a turnover expected to exceed 13 billion euros, driven by strong performance in exports compensating for a domestic consumption slowdown. Despite a slight decrease in overall milk production in Italy, there was an increase in dairy production, particularly in bovine milk cheeses, with 600 thousand tons being exported. The main PDO cheeses saw a recovery in 2023, including Gorgonzola, Grana Padano, and Pecorino Romano, with production essentially stable for other DOP cheeses.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

2023 was a very positive year for made in Italy cheeses, which proved to be stronger than inflation (which also penalized sales on some markets) and the increase in raw material costs. The turnover of the dairy sector should in fact exceed the new record of 13 billion euros: 8 billion in Italy and 5 billion achieved abroad. Positive performances determined in particular by exports which made it possible to compensate for the slowdown in domestic consumption. Furthermore, on the export front, the excellent sales trend on the European market has made it possible to reverse the slower pace of growth recorded overseas and the real setback that occurred on the Asian markets where shipments of cheeses made in Italy they were penalized by the euro/yen exchange rate. This is what emerges from the data processed for Food24 by Assolatte, according to which overall milk production in Italy remained at the levels of the previous year at 13 million tonnes, a slight decrease (200 thousand ...
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