Parmesan sales of Italy grew by more than 8 percent in 2021

Published 2022년 3월 12일

Tridge summary

Parmesan cheese, specifically Parmigiano Reggiano, saw a successful year in 2021 with a significant increase in sales and record-high production costs, resulting in a sales turnover of 2.7 billion euros and a production cost of 1.71 billion euros. The average wholesale price per kilogram also saw an increase to 10.34 euros, a 1.87 euros rise from the previous year. The total production reached 4.09 million pies, marking a 10.6% increase over the past four years. Despite the pandemic, the industry experienced growth in consumption and price stability. The United States emerged as the primary market for exports, which increased by 2.9 percentage points to 45%, with France and Germany following closely. The Parmigiano Reggiano Consortium is actively exploring opportunities in the catering sector and other channels, aiming for long-term growth while addressing potential challenges such as oversupply.

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Original content

The popular Italian variety of hard cheese "Parmigiano Reggiano", better known as "Parmesan", ended the year with positive results in terms of both sales and prices, the electronic edition DairyReporter reported. Last year, consumer turnover reached a historic high of 2.7 billion euros compared to 2.35 billion euros in 2020. In 2021, the cost of production was also at a record high - 1.71 billion euros at 1.52 billion euros a year earlier. The average annual wholesale price for 12-month-old Parmesan cakes was 10.34 euros per kilogram. For comparison - the average price of the product in 2020 was 8.57 euros / kg, and before the pandemic in 2019 - 10.76 euros / kg. With an increase of 3.9% compared to the previous year, 2021 was a record year and in terms of production reached 4.09 million pies, which is equivalent to about 163 thousand tons. These figures are the result of the increased attention of the Parmigiano Reggiano Consortium to foreign markets with development ...

Source: Sinor