Over the period from 2013 to 2023, the import of citrus fruits to Italy has shown substantial fluctuation. Beginning at 418.58 million US dollars in 2013, there were notable declines in 2014 and 2016, countered by recovery periods in subsequent years. By 2023, imports reached 497.89 million US dollars, representing an overall growth trend despite the periodic decreases. The year-on-year growth for 2023 stood at 2.08%, indicating a stable, albeit modest, annual increase over the latest years. The Compound Annual Growth Rate (CAGR) over the last five years settled at 2.47%, showcasing a moderate yet steady market expansion.
Future forecasts predict the import value will continue this upward trajectory, reaching approximately 545.67 million US dollars by 2028, driven by a forecasted 5-year CAGR of 1.45%. This suggests a total growth of 7.45% over the forecast period. Although the growth rate appears to slow slightly compared to previous years, it remains positive.
- ** In 2024, the import value stands at 507.84 million US dollars
- ** Notable fluctuations and recoveries between 2013 to 2023
- ** A steady, albeit modest, growth expected at a 1.45% CAGR from 2024 to 2028
Future trends to monitor include changes in international trade policies, potential economic instability, and shifts in domestic consumption patterns, which could impact the forecasted growth of citrus fruit imports to Italy.
