In 2023, the import of cane or beet sugar and chemically pure sucrose to Italy was valued at approximately 730 million US dollars. According to forecasts, there is a steady decline in this value from 2024 to 2028. The projected values show a consistent decrease, reflecting a negative year-on-year variation. This trend exhibits a compounded annual growth rate (CAGR) decline, indicating a slow but persistent reduction in sugar imports over the five-year period.
Future trends to watch for include:
- Changes in domestic sugar production capacity that might affect import needs.
- Potential trade policy adjustments within the EU that could impact import costs and sourcing strategies.
- Shifts in consumer preferences towards alternative sweeteners or healthier diets impacting demand.