16/11/2021
Largo Consumo 10/2021 - Approfondimento - pagina 9 - 17 pagine - Redazione di Largo Consumo
Mercato Italia Agri-food sector - business status report

The new equilibriums in the food markets

The new equilibriums in the food markets

2020 brought important news. The domestic consumption of households, as a whole, failed to exceed the 1 trillion threshold and stopped at 958.5 billion. Therefore, compared to 2019, they fell by 11.8% at current value and 11.7% at constant value. The framework of the national accounting data released at the beginning of March by the Italian National Statistical Institute (Istat) did not include the disaggregated and raw figures for food consumption in 2020. In fact, the figures released referred to the two basic items: "food and non-alcoholic beverages" and "alcoholic beverages, tobacco and narcotics". However, extrapolating the weight in 2019 represented by the spurious item of tobaccos and narcotics and projecting this slightly decreased weight onto the 2020 figure (there is reason to conclude that in that year, discretionary consumption held up less well than food and beverage), a reliable estimate of 170 billion can be arrived at for actual overall food consumption. The result represents a variation of...