The import of semi- or wholly milled or broken rice to Italy has shown a significant upward trend from 2013 to 2023, increasing from 52.661 million kilograms in 2013 to 108.23 million kilograms in 2023. This represents a notable increase in volume with variations, including both declines and growth across the years. Specifically, the year-on-year growth rate for 2023 was 3.47%, reflecting a CAGR of 3.22% over the last five years.
Between 2022 and 2023, the growth in volume was marked by a 3.47% increase, demonstrating a steady but moderate rise. Noteworthy fluctuations include a significant 31.18% increase in 2020, followed by a 11.74% decline in 2021, and a rebound growth of 7.36% in 2022.
Looking into the future, the forecast suggests a continuous growth in rice imports, with a five-year CAGR of 2.39%, leading to a projected volume of 125.84 million kilograms by 2028. This indicates a 12.53% total growth rate from 2024 to 2028.
Future trends to watch for include the impact of global trade policies, climate change affecting rice production, and shifts in consumer preferences for rice varieties. Monitoring these factors will be essential to understand and adapt to potential disruptions or continued growth in rice imports to Italy.
