In 2023, Italy's export volume of butter and ghee stood at approximately 11.5 thousand metric tons. The forecast data indicates a steady increase in export volume from 2024 to 2028, starting at 12.0 thousand metric tons in 2024 and reaching 14.0 thousand metric tons by 2027. The forecast predicts stabilization at 14.0 thousand metric tons in 2028. This indicates a compound annual growth rate (CAGR) of around 5% over the five-year period from 2024 to 2028.
Future trends to watch for include:
- Market demand in key export destinations, which could impact volumes positively or negatively.
- Changes in trade policies, especially those affecting the European Union.
- Competitive dynamics from key producing countries.
- Potential impacts from climate change on production capability.
- Consumer trends toward alternative fats and oils, potentially impacting demand.
