In 2023, Spain exported cherries to Italy valued at 12.87 million US Dollars. Forecasts indicate a steady increase in exports for the upcoming years: 13.26 million US Dollars in 2024, 13.65 million US Dollars in 2025, 14.04 million US Dollars in 2026, 14.43 million US Dollars in 2027, and 14.82 million US Dollars in 2028.
Year-on-year variations show a consistent growth pattern:
- 2023 to 2024: 3.03%
- 2024 to 2025: 2.94%
- 2025 to 2026: 2.86%
- 2026 to 2027: 2.78%
- 2027 to 2028: 2.70%
The compound annual growth rate (CAGR) over this five-year period is 2.86%, reflecting a stable upward trend in the export value of Spanish cherries to Italy.
Future trends to watch for:
- Changes in agricultural productivity and climatic conditions affecting cherry supply.
- Economic factors in both Spain and Italy that might impact trade relations.
- Evolving trade agreements and tariffs within the European Union.
- Consumer demand trends for cherries and related products in Italy.
