The production of medium hard cheese in Italy has shown some fluctuations over the past decade. From a peak of 100.1 thousand metric tons in 2015, production dropped to a low of 90.69 thousand metric tons in 2020. The value for 2023 stood at 97.7 thousand metric tons, indicating a slight upward trend from the previous year. The year-on-year variation over the last two years was a 1.78% increase in 2023 following a 0.36% decrease in 2022. Over the last five years, the compound annual growth rate (CAGR) has averaged at approximately 0.37%, showing a modest upward trend.
Future trends to watch for:
- Stabilization in production volume with minimal annual variations projected.
- A very slight growth rate (CAGR of 0.02%) over the next five years, suggesting stable market conditions.
- Potential impacts from external factors such as climate change, international trade policies, and consumer preferences.