The sold production of wheat groats and meal in Italy has shown fluctuations from 2013 to 2023, with a significant drop of 39.85% in 2013 and a peak increase of 33.21% in 2017. By 2023, the value stood at €866.14 million, experiencing a minor year-on-year increase of 1.88%. Over the past two years, the variations have been stable, with a minor increase of 1.88% in 2023 and 13.65% in 2022, suggesting a recovery phase.
Analyzing the period from 2019 to 2023, the sold production showed a Compound Annual Growth Rate (CAGR) of approximately -2.95%, which hints at overall minimal growth with periods of decline. However, the forecasts from 2024 to 2028 show optimistic growth, with an anticipated CAGR of about 1.36% and an overall expected increase of 7% over the next five years.
Future trends to watch for include:
- Market responses to changing agricultural policies and economic conditions in Italy.
- Technological advancements in agricultural production methods.
- Shifts in consumer preferences and their impact on demand.
- Global wheat production levels and their potential impact on local production.
