Parmigiano Reggiano exports to GCC countries grow by 11.2 %

Parmigiano Reggiano exports to GCC countries grow by 11.2 %

- The Consortium approves the change to its articles of association forbidding member dairies to produce similar cheese competing with Parmigiano Reggiano

- The Parmigiano Reggiano Consortium consolidates its position in international markets with +11.2% growth in GCC countries, +8.2% in the USA, +7.2% in France and + 12.4% in Spain.

Dubai, UAE – Parmigiano Reggiano Consortium presented the financial data of the first nine months of 2022 (January – September 2022) at the recently held general meeting of its members. After a successful 2021, with a total global consumer turnover of 2.7 billion euros, in 2022 the Consortium recorded a 2.9% increase of total sales (95,079 vs 92,366 tons) vs the first three quarters of 2021, with a volume increase also in international markets that grew by 1.3% (43,887 vs 43,331 tons).

The growth shows that the member dairies of the Parmigiano Reggiano Consortium overcame the challenges of the pandemic, the uncertainties of the geopolitical crisis triggered by the Russian invasion, the energy cost rises and the reduction of the purchasing power of families in certain markets.

Parmigiano Reggiano recorded an impressive 11.2% growth in its exports to the GCC countries with 118 tonnes exported to the region in 2022 compared to 106