The demand for maize in Italy, measured in million metric tons, was 11.29 in 2023. Over the past decade, the data reveals fluctuation with a significant year-on-year decrease of 20.64% in 2015, followed by periods of moderate growth and decline. In recent years, the trend has shown a consistent slight decrease, with a year-on-year decline of approximately 0.79% from 2022 to 2023. The Compound Annual Growth Rate (CAGR) over the last five years indicates a decrease of 1.28% on average annually.
From 2024 onwards, the forecast suggests a continuous downward trend in maize demand, with an expected 5-year CAGR of -0.67% culminating in a total decline of 3.29% by 2028. This trend highlights a gradual yet steady decrease in maize consumption.
Future trends to watch for include:
- Potential impacts of climate change and agricultural policies on maize production.
- Changes in consumer preferences towards alternative grains or plant-based diets.
- Economic factors influencing both domestic production and imports.
- Agricultural advancements and innovations that could affect maize yield and efficiency.
