In 2023, the import of dried shelled urd, mung, black, or green gram beans to Italy stood at a value which is indicated by the 2023 base from which future forecasts are drawn. As of the forecast for 2024 to 2028, Italy is expected to see a gradual decline in imports, dropping from $1.5466 million in 2024 to $1.467 million by 2028. The year-on-year change depicts a consistent decrease, reflecting subdued demand or shifts in sourcing strategies.
The compound annual growth rate (CAGR) for the forecast period indicates a trend towards decreased imports each year, suggesting a possible pivot or shift in domestic policy, international trade relations, or consumer preferences.
Future trends to watch for include:
- Shifts in Italy's agricultural policies or incentives affecting domestic production.
- Changes in global trade agreements impacting import rates and costs.
- Evolving consumer preferences towards local or alternative protein sources.
- Market disruptions due to geopolitical tensions or climate impacts affecting supply chain logistics.
