The import of live animals, except farm animals, to Italy is forecasted to decline from approximately 22.565 million USD in 2024 to 21.1 million USD by 2028. The forecast indicates a consistent decrease in value over the five-year period. From 2024 to 2025, the decline is anticipated to be around 1.7%, with further annual reductions leading to an approximate 6.5% decrease by 2028, translating to a Compound Annual Growth Rate (CAGR) of about -1.69% over these years. This points to a steady contraction in the import value of this sector.
Future trends to watch for include:
- Potential regulatory changes in Italy and the EU affecting importation practices.
- Evolving consumer preferences towards exotic and non-traditional pets.
- Global ecological and biodiversity shifts impacting species availability.
- Technological advancements in animal breeding and management affecting market demand.