The actual wheat processing volume in Italy in 2023 stood at 115,000 metric tons. From 2014 to 2023, we observed a general decline in wheat processing, with notable annual variations such as a significant drop of 21.58% in 2015, followed by years of fluctuating yet predominantly negative growth rates. The last two years witnessed a gradual decline, with a year-on-year variation of -1.69% in 2022 and -0.86% in 2023. The CAGR for the last five years leading up to 2023 is -0.85%.
Future trends to watch for include:
- Continued overall decline in processing volumes, as indicated by the forecasted CAGR of -0.89% from 2024 to 2028.
- Industry adaptations to potential shifts in agricultural practices, climate conditions, and market demand affecting wheat supply and processing in Italy.
