The fresh pork market in Italy has experienced notable fluctuations over the past decade. From 2013 to 2015, the market saw steady growth, peaking in 2015. However, from 2016 to 2018, the market showed a downward trend. Between 2019 and 2020, the market stabilized slightly, but this was followed by a significant decline from 2021 onwards. By 2023, the value stood at 2.6077 billion kilograms, reflecting a consistent decrease over the past few years.
In terms of percentage changes, the market saw substantial year-on-year variations. Key points include:
- A slight decline of -0.94% in 2016.
- A more considerable drop of -3.22% in 2018.
- A severe downturn of -8.66% in 2021.
- A continuous negative trajectory with a -4.09% change in 2023.
The Compound Annual Growth Rate (CAGR) further highlights the market's challenges, showing a -2.78% decline over the last five years.
Looking ahead, the fresh pork market in Italy is forecasted to continue its declining trend with a projected 5-year CAGR of -3.7%, translating to a 17.2% decrease by 2028. Future trends to watch for include potential changes in consumer preferences, impacts of health concerns, and the introduction of alternative protein sources which may further influence demand for fresh pork products.
